Becoming a homeowner represents a major life milestone. But from a financial point of view, purchasing a home is not a one-time event; it is the foundation for a variety of strategies over the course of a lifetime. Before settling on any mortgage strategy, it is important to think through what you want financing to accomplish. As with any major financial decision, your particular circumstances and goals should shape your choices. Are you most concerned with saving money overall? Minimizing your interest expense? Securing the lowest possible monthly payment? Some buyers may want to maximize their equity - the market value of the property less the remaining mortgage - while others may have the goal of becoming debt-free by a certain age or milestone. How you weight each of these objectives will shape how you approach a mortgage. Beyond your goals, think about your circumstances. Your stage in life, your family situation and the other assets available to you may all affect your decision. To know more just visit this site mortgagebrokerrates.tumblr.comAll Rights Reserved