financing time

[Aaron Bowman]

What is the best period of time (in years) for financing to get the most out of your money. A 30-year loan creates insane amounts of interest, whereas a 15-year loan you pay way less with not too incredible of an increase.. Any ideas for how many years on say a $60,000 loan would be most cost effecient?

[Randy Eaton]

Hello Aaron,

Now is a good time interest rates are low. It really depends on Allen Greenspan.

Randy Eaton