Brett Pehrson (brettpehrson)
#19 ranked lender in Utah - 226 contributions
James, you'll probably only find 10 and 15 year mortgages available to you; I've never seen anyone carry a 12 year mortgage. What you should be asking is how much time can I cut off my mortgage without being uncomfortable. If the 10 year option won't work, take a 15 year mortgage and ask the loan officer to show you the amortization schedule for a 12 year payoff...then make those payments instead.