{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/69c148bb1a160b44db9c8fcc/6a0e2607163f1001839bb16b?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"Which Mortgage Is Right for You?","description":"<p><strong>1021. Looking for a mortgage but are unsure what’s best for you? </strong>Laura answers a question from a listener who’s ready to buy a home but is overwhelmed by mortgage choices. Find out whether a fixed- or adjustable-rate loan, with or without mortgage points, is right for you.</p><p><strong>Key Takeaways:</strong></p><ul><li>Fixed-rate mortgages are popular because they lock in a rate, providing financial stability no matter what happens in the economy.</li><li>Adjustable-rate mortgages (ARMs) can be good when interest rates are high, you don’t expect to own your home for the long term, or you can pay it off early.</li><li>Conventional loans are the most common type of mortgage because they’re backed by federal agencies, reducing risk for lenders.</li><li>Jumbo loans are high mortgage amounts that aren’t federally-backed and typically require stricter qualifying criteria by lenders.</li><li>There are various loans backed by the federal government, including FHA, VA, and USDA products, that come with lenient underwriting standards, making homeownership more affordable.</li><li>Buying mortgage points allows you to get a lower interest rate, which saves money if you own the property past the breakeven point.</li></ul><p><strong>Upcoming Wedding Series Coming Up:</strong> We want your questions about wedding finances! Whether you're the bride, groom, or a guest, send us your questions about budgeting for the big day. Email: money@quickanddirtytips.com or leave a voicemail: (302) 364-0308.&nbsp;</p><p><br></p><p>Discover more from Money Girl!</p><p><a href=\"https://www.facebook.com/MoneyGirlQDT\" rel=\"noopener noreferrer\" target=\"_blank\">Facebook</a></p><p><a href=\"https://www.quickanddirtytips.com/newsletters\" rel=\"noopener noreferrer\" target=\"_blank\">Newsletter</a></p><p>Transcripts available at <a href=\"https://www.quickanddirtytips.com/transcripts/money-girl/\" rel=\"noopener noreferrer\" target=\"_blank\">QuickandDirtyTips.com</a>.</p><p>Email: <a href=\"mailto:Laura@LauraDAdams.com\" rel=\"noopener noreferrer\" target=\"_blank\">Laura@LauraDAdams.com</a> or leave a voicemail: (302) 364-0308.</p>","author_name":"QuickAndDirtyTips.com"}