Image shows one person filling out a mortgage application looking a bit stressed, and another person twirling a key. Text reads: "The pros and cons of a short-term mortgage. Pros: a lower interest rate (you'll pay less interest overall over time), equity is built more quickly, less likely to lead to negative equity. Cons: monthly payments will be higher, higher payments may mean less money for retirement or emergencies, there's more risk of default and foreclosure"