[Porsche-O-Phile]

15-year is a good plan in theory but most people can't afford to do it. Especially now when housing is still about 50% overvalued and still WAY out of whack with household incomes.

When the times comes, I will probably (like most) use a 30-year fixed to get in the door and either (1) overpay or (2) refi to a 15-year or 20-year fixed down the road when I can. Depends on interest rates though.

Simply overpaying makes a HUGE difference.

Make sure you get a loan without "prepayment penalties". If it has one, I'd literally throw it back in their face and walk out/go somewhere else. I don't need B.S. like that.