There’s just one reason to seek a 30-year mortgage

(Source: BankRate.com)

Since most American move every five to seven years, it’s a fair question to ask why most will opt for a 30-year fixed-rate mortage (FRM) these days.

Of course, we all know the answer: Rates are low and it’s nice to know that a homeowner’s monthly payment will never rise.

But let’s look at the matter from a different perspective,