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Should I get a 30-year mortgage? | About That
Posted
April 11, 2024
Views
184,603
Likes
2,222
Engagement
1.20%
April 11, 2024
184,603
2,222
1.20%
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9:03Now PlayingThe federal government is allowing longer mortgage repayment periods for first-time buyers with insured mortgages on newly built homes. Andrew Chang explores the pros and cons of 30-year amortization vs. the previous 25-year rule for prospective homeowners.
CORRECTION (April 12, 2024): At 1:38 in this video, we miscalculated that 20% of $500,000 is $125,000. It's $100,000. It has been edited out for clarity.
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