This is all food for thought if you are thinking of buying a home because waiting for a dramatic decrease in mortgage rates might not make sense.

When it comes to a home loan, the interest rate is a very important factor.It can make all the difference between being able to afford the home of your dreams and having to settle for something less.

Finding the perfect home is a task, but shopping for the best home loan can be even more tedious. With so many lenders promising low rates, closing costs and little or no down payment requirements, its often difficult to know which way to turn.

With all the financial decisions that need to be made when purchasing a home, choosing the options that make the best sense for you can seem overwhelming.

Paying off your mortgage is one of the biggest financial goals of most homeowners, and retiring debt-free can certainly give your golden years a greater sense of financial freedom and stability.