Finesse Your Mortgage: Which is more important – Term or Rate?

Finesse Your Mortgage

Michael Nelson - Efficient LendingI have started a new video series on my YouTube channel entitled Finessing Your Mortgage.   The first topic in the series is term versus rate.


Which is more important: term or rate?

There is a lot of advertising on the web, social media, and TV/Radio that make it seem that interest rate is the “Most Important” part of any mortgage.  I disagree.

Rate is about three or four deep on my list of “Most Important” parts of a mortgage.  A strong case can be made that The Term of your mortgage is the Most Important consideration when choosing the right mortgage for your personal financial situation.

I just posted a new video on my YouTube channel that addresses the importance of term.  Included in the post is some simple math that supports my thinking on this somewhat confusing topic.


As always, I love to meet new people and continue the dialogue.  Please feel free to call, text, or email anytime with questions or comments.

I wish you the greatest of success.

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Michael Nelson American Financial Network


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