We are buying a house and my knee jerk response was to look at a 30 year fixed mortgage (because that’s what I’ve always done). I realized last night that a 30 year mortgage might outlast me. Having a bit of an existential crisis now.

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Nah — 30 yr mortgage just gives you flexibility . You either pay it off when retiring if plan on staying in house or sell.

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None of us might make another 30 but with those terms you can comfortably set a lower monthly and pay it off just like a 15 year term if/when you can afford it.

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So what if it does out last you? With rates rising you are getting both flexibility and an inflation hedge wrapped together.

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You are doing what most everyone does. Only very few live in the house long enough to pay off 30 yr mortgage. Also, you can always pay it off or refinance (with smaller principles) any time. I ended up paying off my 30 year in half the time.

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