Are you in the market for a new home? One of the most crucial decisions you’ll face is choosing the right mortgage term. With options like 30-year and 20-year mortgages available, it’s essential to weigh the pros and cons to make an informed decision that suits your financial goals.

With the passing of the Federal Open Market Committee rate decision panel, we now have definitively confirmed that the Federal Reserve intends to keep the rates at a two-decade high, for the sixth straight meeting by a unanimous vote.

With all of the economic uncertainties, many homeowners find themselves facing financial hardships that impact their ability to meet mortgage payments.