Leo Loomie quoted in Pittsburgh Post-Gazette on 30 vs.15-year mortgagesJuly 07, 2020
Leo Loomie, Senior Vice President, Client Development at Mphasis Digital Risk was quoted in the Pittsburgh Post-Gazette’s article titled, “Before taking out that 30-year mortgage, take a look at the 15-year version”. The article lays out the pro’s and con’s of both, ultimately showing that paying off a home in 15 years is generally less expensive.
Leo comments how the 30-year mortgage is most common because of its affordability. “While the lower payment better accommodates their debt-to-income ratio to qualify for the mortgage, in the long run they end up paying much more interest over time.”
Read the article in length here
Click here to learn more about Mphasis Digital Risk or schedule a meeting today!
What will be important in 2023 - com!professional (GER)March 20, 2023