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Message: [QUOTE="huskiesNhoos, post: 3700526, member: 506"] I think this gets overlooked by many. Sure you can get a slightly lower rate or pay a bit less points with a shorter term loan, but it can be risky based on the current state of the economy, job markets etc. Forces you into a higher monthly payment whereas if you just stick with a 30yr you can always make extra principle payments and effectively reduce your loan term and total interest paid. Allows for more financial flexibility since you can decide what to do with the extra money you save on your monthly payment: invest it, donate it to charity, buy more booze... Obviously situations are different for everyone, but just some food for thought. [/QUOTE]