Looking to buy a house? This may be the biggest financial purchase of your life and you will more than likely need a loan to pay for it. Watch this video to understand more about mortgages, such as the difference in fixed versus adjustable rates and what an amortization schedule is.
Home ownership typically comes with a mortgage (a home loan). Before you jump into debt, determine if buying a home or renting one is the right choice for you. Here are some factors to consider as you contemplate home ownership.