Consumer advocates Clark Howard and Dave Ramsey also favor getting a 15 year fixed if you can afford it.Originally Posted by Freak Out
About 5 and 1/2 years ago, we went from a 30 yr. fixed mortgage at 7.0% to a 15 yrd fixed mortgage at 5.0%. Our monthly payments went up just $34!
In the long run, we are saving thousands of dollars.