Personal Finance Tip #16: Traditional Mortgage
The last personal finance tip was about buying a home. And when you do buy that home, the best thing to do is to:
Get a traditional mortgage.
The subprime mortgage crash has taught many of us valuable lessons. One of those should be that “creative” products like ARMs and interest only home loans should be avoided by most people. You’ll be better off with a traditional fixed rate mortgage with a 15, 20 or 30 year term.
This post is part of the b5media Business Channel Great Blog Off! Find out more about the Blog Off here: http://www.b5media.com/b5media
The Business Channel is supporting Accion International for the Great Blog Off. You can make a donation directly to Accion (http://www.accion.org/b5media). Donations are tax deductible.
Tags: buying-a-home, mortgage, personal finance tip, personal-finances, traditional mortgageRelated Stories
POSTED IN: B5 Media Business Channel, Family finances, Money advice, Mortgage and Loans, Personal Finance, Real Estate
0 opinions for Personal Finance Tip #16: Traditional Mortgage
No one has left a comment yet. You know what this means, right? You could be first!
Have an opinion? Leave a comment: