What type of mortgage is right for you? Should you go with the security — but potentially higher costs of a 30-year fixed loan?
Or should you roll the dice on a 5/1 ARM that might — or might not — lower your costs over time?
Before you decide, you need to understand the basics about mortgage rates and how they impact your monthly loan payment. Watch this video from Khan Academy and learn the pros and cons of both fixed-rate and adjustable-rate loans.
What type of mortgage seems right for you? Let us know by commenting below or on our Facebook page.
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Getting a better deal on car insurance doesn't have to be hard. You can have The Zebra, an insurance comparison site compare quotes in just a few minutes and find you the best rates. Consumers save an average of $368 per year, according to the site, so if you're ready to secure your new rate, get started now.
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