finances can be complicated but they don't have to be i break down financial topics that may seem

complex and overwhelming so you can start taking action on your financial goals i'm a

tally and it all starts here on Personal Finance Redefined.

Hello everybody and welcome to another episode of the podcast.

Hope you've been enjoying it so far.

Please go ahead and rate that five stars and comment if you think it is worthy.

I love helping as many people as I can and that's the best way to do it.

So I really appreciate it.

This support's been absolutely awesome and let's the best way to do it. So I really appreciate it.

The support's been absolutely awesome and let's get right into the episode. So today's episode is all about mortgages and I did a previous episode about should I rent or should I

buy. If that's more of interest to you, go to that episode and then you can come back and listen to this

episode. So that episode's all about whether or not you should rent or buy in the differences.

This one's more so saying, okay, you've decided that you want to buy a home. You're ready for that.

What kind of mortgage do I want? Do I want a 15-year mortgage? Do I want a 30-year mortgage? What kind of mortgage? So that's what

today's episode is going to be all about. But once again, you can go back to the rent versus buy

episode for that. But today's episode is really about once you've determined that you want to buy a

house and renting is no longer for you or buying a home is what better fits your goal, that's

when it's time to decide what type of mortgage is best for you. So how do you decide that?

Well, let's determine what our options are. So a 15-year mortgage, that's designed to be

fully paid off in 15 years versus a 30-year mortgage, which is obviously in 30 years.

So what you need to know is the difference in rates.

So the interest rate that you have to pay is going to be lower on a 15-year mortgage.

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