Trying to decide which mortgage works the best for me:

When I was in the process of buying my home I was trying to decide what type of mortgage that would work best for me. I decided to go with a 30 year fixed mortgage, because I wanted to give myself the security of having a little bit of a lower monthly payment than if I went with a 15 year fixed mortgage. This also gives me the flexibility that if I want to pay extra on my principle every month I can.

You can also request from your lender an estimated monthly payment for how much a home price would be. For example, let’s say you are interested in buying a home for $300,000, how much would the monthly mortgage amount be for this amount, $310k, $320k, etc., so that you could see how much of a difference this would be.