Asked by Steffanie  |  Submitted November 16, 2015

We are refinancing our mortgage to replace our windows. Will it be better to stick with a 20 year loan or try to go for a 15?

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  Answers  |  1

November 17, 2015

That all depends on the monthly payment you want and what kind of rate you can get. You’re payments will be a little higher with a 15 year loan but you will most likely get a lower rate and build equity faster than a 20 year. I would say if you can afford the 15 year payments with no issues then go with the 15 years.

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