A lot of decisions go into getting a mortgage loan. For example, you have to choose between a fixed rate or an adjustable rate. Additionally, there are various mortgage loan programs available to you, such as a conventional loan, an FHA loan and a VA loan. However, these aren’t the only decisions to ponder. Mortgage lenders offer multiple home loans, including 30-year, 20-year and 15-year terms. Longer terms result in lower monthly payments, yet you’ll pay more interest over the life of the loan. Shorter terms, on the other hand, increase your mortgage payment, yet allow you to pay off the […]