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Ready For Retirement

Should You Get a 15 or 30 Year Mortgage?

Ready For Retirement

James Conole, CFP®

Investment Planning, Bonds, Education, Stocks, Cash, Business, Dividend Investing, Retirement Planning, Retirement, Investing, Tax Planning

5706 Ratings

🗓️ 15 November 2022

⏱️ 15 minutes

🧾️ Download transcript

Summary

In this episode of Ready for Retirement, James discusses if you should get a 15 or 30 year mortgage. Questions Answered: What mortgage is best for you?What are the best strategies to view real estate in retirement?How can your overall retirement strategy be improved?Check out the podcast on YouTube here! Check out our main channel on YouTube here! LET'S CONNECT! FacebookLinkedInWebsiteENJOY THE SHOW? Don't miss an episode, subscribe via Apple Podcasts, Stitcher, Spotify, or Googl...

Transcript

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0:00.0

Discover the tips and strategies that will help you achieve your retirement goals.

0:09.3

I'm your host, James Canole, and this is the podcast dedicated to helping you retire well.

0:14.3

It all starts right here on Ready for Retirement. retirement.

0:30.0

Hi, everyone and welcome back to another episode of Ready for Retirement. I'm your host,

0:33.7

James Knoll. On today's podcast, we're going to be talking about something that has changed quite a bit in the last several months to a year, and that is mortgage rates.

0:38.7

Mortgage rates, of course, have risen dramatically with the increase in the Fed Funds

0:42.1

rate and the increase in rates as a whole in the U.S. and around the world in the past several

0:46.0

months.

0:46.8

And one of the questions a lot of people have is if you are getting a new mortgage or if for

0:51.5

whatever reason you are financing, there's the talk around should I get

0:55.6

a 30 year rate? Should I get a 15 year rate? What's more effective? So we're going to look at that

1:01.0

and we're going to look at what saves you the most in interest, what saves you the most overall

1:05.3

in light of your overall financial plan. And I think some of the things we'll talk about might

1:09.1

surprise a lot of people in terms of

1:11.3

not seeing things the way most people see things and wanting to make sure we're viewing

1:15.3

things in an accurate light. Before we jump in, just real quick, if you've not already done so,

1:19.9

really appreciate when you leave a review for the podcast. More reviews allows more people

1:23.7

to find the podcast, allows more people to have good information as they're planning

1:27.6

for their retirement. And if you haven't done so already, please be sure to check us out on

1:31.5

YouTube under Root Financial. This content and more great content like it is always available

1:36.7

there and of course always at no cost. So check us out on YouTube, subscribe to the YouTube

1:41.8

channel, leave a review here on the podcast, and with

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