Purchasing or refinancing a home is the single largest financial decision most people make. In fact, a mortgage payment is likely the largest monthly expense for most people, especially towards the beginning of the mortgage (over time the mortgage payment will become easier and easier to pay due to inflation). One of the easiest paths to becoming rich is to keep your costs under control, and with the mortgage payment being one of the largest costs, choosing the right mortgage rate is incredibly important. Deciding what mortgage rate to pick can be a daunting task. You�ll be presented with a plethora of rates and different terms that may seem confusing. Here�s a quick guide to choosing the best mortgage rate for your situation: Is the lowest rate the best? It depends. Let�s say you�re presented with three different mortgage rates: 3%, 4%, and 5%. At first glance, the lowest rate appears to be the most appealing, after all, a lower the rate means a lowe...