Straight Talk About Real Estate

The difference between a 30-year fixed rate and a 5-year fixed rate is only about 1/4%. Unless you have fairly definite plans to sell the house within 5 years, I think it is worthwhile to go with a 30-year fixed loan. You may want to convert the house into a rental, in which case, you will have a nice low rate, pay off the loan, and have a nest egg.