The 30 year mortgage offers a valuable put for investors. Often times, a mortgage is a large tool that can help in uncertain interest rate times. The 30 year mortgage allows you to benefit if rates move up or down.
1) If rates rise, simply keep your mortgage and be thankful that you have a low interest rate.
2) If rates drop, refinance and lock in a new lower rate.
This valuable “put” or option, is a valuable tool in your complete financial plan. Check out my more detailed article here: