Rich Girl Roundup: Is the 15-Year Mortgage Dead? (And Is It Even Worth Doing?)

The Money with Katie Show

Money with Katie

Self-improvement, Education, Business, Investing, How To

4.8 • 1.3K Ratings

🗓️ 26 February 2024

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

Rich Guy Gavin asks, "Is the 15-year mortgage worth it?" Plus, given how few people can afford them nowadays, Katie and Henah chat through if the 15-year mortgage is dead. We run the numbers, the factors to consider, and some workarounds to make the 30-year mortgage more appealing. Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie). New episodes every week. Reminder: This is not financial advice; we are not certified financial professionals—please do your own due diligence. Transcript, show resources, production credits, and more can be found at: https://moneywithkatie.com/rgr-15-year-mortgage. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Rich Girl Bounda!
0:02.0	Oh!
0:06.0	Love it!
0:07.0	All you have is $3,200 a month, right?
0:09.0	Like that's your max pass.
0:11.0	Max pass.
0:12.0	Here's another one. Do your own do-dill. Oh, do-dill, gotta do the do-dill. Now I want a pickle.
0:19.1	Welcome back, Rich Girls and Boys to Rich Girl Roundup, our weekly casual convo on the Money with
0:27.1	Katie Show. I'm your host, Katie Gaddy Tossan, and this is a quick message from our sponsors.
0:33.0	You know in today's world, it seems the best treatment is reserved only for a few.
0:42.0	Well, Discover wants to change that by making everyone feel special.
0:48.0	That's why with your Discover card you have access to 24-7 live customer service as well as $0 fraud liability, which means you are
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1:01.8	are or where you are in life, you'll feel special with Discover.
1:06.0	Learn more at Discover.com slash credit card. Limitations apply. All right, before we get into it, this week's upcoming main episode is about money in divorce.
1:21.9	I know, really like sexy light stuff for me as usual but given
1:26.8	the reality of how one half of marriages end in divorce and how the lower
1:32.2	earning partner usually gets the shaft.
1:34.4	It's a topic that feels vital to cover. So it's also a part of what I'm covering in my upcoming
1:40.2	book, get pumped. All right right on to the roundup.
1:44.0	Hannah. How are we doing today?
1:45.0	I'm great.
	...

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