Best Financial Moves - 15-year Mortgages

You may think you can't afford a 15-year mortgage, but when you consider the impressive amount of money you can save compared to a 30-year mortgage over the life of the loan, a 15-year mortgage makes tremendous sense if you can handle the somewhat higher monthly payment. Check out this illustration for a $100,000 mortgage and think of the savings if your mortgage is actually $150,000 or $200,000.