How To Choose The Right Mortgage?

There is a wide selection of mortgages available in today's market, and you should narrow the field by considering your particular situation. Your choice of mortgage will be influenced by questions such as

  1. How many years do you expect to live in your new home?
  2. How important is it to be free from mortgage debt before your children's college bill or planning for your own retirement?
  3. How comfortable are you with the certainty of a fixed mortgage payment versus a payment that can change over time?