Educate Yourself Best Mortgage Advice

by Scott
(Delaware, OH, USA)

My best mortgage advice is to educate yourself before signing on the dotted lines. When you decide to get a mortgage, it is so important that you are educated on all the facts.

Read about and research all the different mortgage options and pick the best one for you. The home loan that I chose was a 30 year fixed rate mortgage with zero money down. That, to me, was my best option at the time that I purchased my home.

I would only recommend fixed interest loans to anyone. If you chose to go with a non-fixed interest loan, you may be shooting yourself in the foot with really high interest later on in the loan.

I would also recommend getting the shortest loan period you can afford. I wish I could have afforded the 15 year fixed rate mortgage as you pay less interest with this loan and you own your home free and clear much sooner.

Most importantly, education is power. If you know all the secrets of the trade, you are much less likely to become a victim of unethical lending practices, like those we have been hearing so much about in the news lately.

30 Year Fixed | 15 Year Fixed | 20 Year Fixed | 25 Year Fixed
40 Year Fixed | Hybrid | Interest Only

Create your own combination loan with the best fixed rate mortgage. Assure yourself of the lowest fixed payment possible. Yet pay your mortgage down as quickly as you like.