Even though paying off a mortgage in 15 years seems better than 30 years, the higher payments may feel too scary. You may be afraid you won’t be able to afford it. There is a way to get around it, but the benefits will depend on you. Go ahead and get a 30 year mortgage, but treat it like a 15 year mortgage.

Keep in mind that the 30 year mortgage interest rates will be higher meaning most of your money will be going to interest. So, you will need to pay more towards the principal each  month to avoid getting trapped into debt. You will essentially be paying more than you have to. But, at least if some months get tough, you can easily fall back to your smaller required payments.