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With a 30-year mortgage, you get low monthly payments but pay more interest over the life of the loan. With a 15-year mortgage, your monthly payments will be higher but the amount of interest you'll pay over the life of the mortgage will be lower. To decide which type of mortgage is best for you, there are a variety of factors to consider. We'll be happy to assess your situation and give you an opinion on what is right for you. Feel free to call any of our real estate agents with your questions 732-528-3099.
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