This information is incredibly useful and I wish I had it 20 years ago. I send it to my kids so they know the available options. I had a 30 and refi that down to a lower rate at 15 a few years ago. Didn't take out any equity. I "retire" from my job in 11 years so I wanted that mortgage paid in full around that date. When I transition to something else after "retirement" I won't have the payment. In most cases the 30 just makes more financial sense.
This information is incredibly useful and I wish I had it 20 years ago. I send it to my kids so they know the available options. I had a 30 and refi that down to a lower rate at 15 a few years ago. Didn't take out any equity. I "retire" from my job in 11 years so I wanted that mortgage paid in full around that date. When I transition to something else after "retirement" I won't have the payment. In most cases the 30 just makes more financial sense.