Hopefully everyone knows this already, but you can have a 30

Hopefully everyone knows this already, but you can have a 30-year fixed rate mortgage to keep payments steady and low (compared with a 15-year loan).  Then you can make extra principal payments each month to shorten the length of the loan.  If you have a bad month, then just pay your regular mortgage payment.  With the 30-year loan, you have the option to pay more principal without penalty, but the higher payment is a requirement with the 15-year mortgage.Does anyone know what percentage of the US residential mortgages are owned by Freddie Mac and Fannie Mae?

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