When choosing a mortgage, consider the loan length alongside interest rates, monthly payments, and your budget. Shorter loans typically have lower interest rates but higher monthly payments, which can be burdensome. A longer mortgage may allow for a more expensive home but results in more interest paid over time. Your plans for how long you'll stay in the home and your income flexibility also influence the decision. Ultimately, evaluating these factors will help determine the best mortgage term for your situation.
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