The little-known mortgage that could save you big

Everyone has heard of 30 years of housing mortgage loan, is probably a 15-year mortgage loans. But you know, there is a 10-year fixed rate mortgage? But for some people, it can provide a lot of advantages. These advantages including low interest rates and the huge savings of the entire life cycle of the total amount of the mortgage interest payments, in Atlanta, Georgia, and cole Taylor mortgage, mortgage bankers Jim duffy said. But, he added, because you never pay a mortgage principal in the third time, you will be a 30-year mortgage amount, monthly payments will be higher. "Even so, they have become more and more popular, I have done a 10-year mortgages over the past year, completed in 10 years ago than I am," duffy said. Here are four reasons, this trend is likely to catch up.

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