The last personal finance tip was about buying a home. And when you do buy that home, the best thing to do is to:
Get a traditional mortgage.
The subprime mortgage crash has taught many of us valuable lessons. One of those should be that “creative” products like ARMs and interest only home loans should be avoided by most people. You’ll be better off with a traditional fixed rate mortgage with a 15, 20 or 30 year term.
This post is part of the b5media Business Channel Great Blog Off! Find out more about the Blog Off here: http://www.b5media.com/b5media-blogs-for-a-cause-and-raises-money-in-support-of-charity/

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B5 Apprentice continues! This week’s challenge has to do with whether to buy or rent. While the challenge has to do with a hypothetical business, the analysis can be applied, in part, to your own questions about buying or renting a home.
And remember: buying a home to live in is completely different from a real estate investment.