Over the past year I helped a few people pick mortgages while buying their homes by helping them visualize different mortgage options from different companies. In a seller’s market, like where I live, you only get a few days to pick from a number of different mortgages that all offer different fees, points, and interest rates that all influence the monthly rate that you pay.
Given all this data, how do you compare the difference options and decide which one to go with? The lowest monthly rate isn’t always the best option.