The pros and cons of taking a 40-year mortgage |

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The pros and cons of paying off your mortgage early. a certain number of years would only need to make more than the mortgage interest.

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This chart led to a discussion about the pros and cons of a 30 year fixed rate. Over 30 years at a 3.5% fixed rate mortgage you'll end up paying almost.. rate is like saying you would like to spend a dollar to save 30-40 cents.

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