Penny Pinching Professional said:
I think it depends on where we are when we're ready to buy a house. I'd like to seriously consider a 15 year mortgage, but I don't know that my fiance would be willing to do that unless the payments were still low enough to be doable even if something went wrong.
You definitely don't want to put yourself in a position where you feel you're cutting it too close. I've seen it happen where someone goes into a 15 year mortgage knowing that they're cutting it tight, but figuring that raises and such will give them wiggle room, but then raises get frozen or babies come along or something, and it gets too tight.