Is a 30-year mortgage right for you?

It seems that when everyone thinks about buying a home, they automatically assume they will borrow the money for their purchase using a 30-year mortgage.  However, this may not be the best alternative depending on your financial situation. There are more options available to homebuyers than just a 30-year, fixed rate mortgage.  Flexible rate mortgages, shorter term mortgages and or combinations of the two.

For information on other types of mortgages that may suit your financial needs better than a traditional 30-year fixed mortgage read, “5 Alternatives to the 30-Year Mortgage.”