Nail the Right Term Length First ...

Finding a good mortgage rate online is a cinch. Anyone who has ever looked for rate comparison sites knows the Internet is packed with them. But determining the best mortgage term – the length of the mortgage contract – is trickier because up-to-date term comparisons are hard to find. Although mortgage terms are often overshadowed by the intense focus on mortgage rates, it pays to put a lot of thought into term selection. It's the No. 1 factor in determining how much interest you'll fork over to a lender. Read more ...