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Why do you say a 30 year mortgage carries more risk (as a borrower) than a 10 year? You can always treat the 30 year as a 10 year (by throwing more money at the
by thrtythreeforty 5y ago
Why do you say a 30 year mortgage carries more risk (as a borrower) than a 10 year? You can always treat the 30 year as a 10 year (by throwing more money at the principle) but you can't do the reverse.
- ThrowawayR2 5y ago30 years is 60% of your career and there's no evidence that the gravy train for software developers is going to last that long or from 2021 or that any particular individual will remain employable 30 years into their career (yes, many do but many also don't if the anecdotes on HN are to be believed).
- davidgay 5y agoYou do get lower interest rates on shorter-term mortgages, though.