Why the Universal Use of the 30-Year Mortgage Is Dangerous

The short answer is that the 30-year mortgage amortizes extremely slowly, making it nearly twice as risky as a similar loan with a 20-year term. And the 30-year loan compounds risk-layering by promoting the use of higher combined loan-to-value and debt-to-income ratios (DTI).

Read more: https://bit.ly/2II0b0O