Sitting down at the Prescott family table, Noah and his wife Laura look over the different options before them as they plan to purchase their first house.

"Man, there are a lot of options.  My mom always said that you should go with fixed rate mortgages so that you are never locked into a specific rate," Laura started.

"And yet it all really depends on how long we plan to be in this house.  If it’s less than five years, even one of the other mortgages– like an adjustable rate mortgage– would be fine," Noah added.

"Yeah, but with the current market, can we be sure that we’ll be able to sell our house for a profit before the rates change.  I mean, there are many cheap mortgages out there, but you get into real trouble if the rate or payment changes and you can’t make those payments."

"Dave Ramsey says that you should pay cash for a house, but if you really need to get a mortgage than you should go for a 15% fixed."

"But that’s like $200 more a month!"

"Yes, but it also gets paid off much sooner.  You can’t imagine what it is like to have the income that you’ve been putting toward your house to spend or invest.  And just think of the amount you’ll be saving on interest."

"I can’t argue with you there," Noah concluded.  "I guess I’ll do some web surfing tomorrow and see if I can find a good mortgage company."  Just then the telephone rings.

"Hello?"  Laura answers.  "It’s Adam.  He needs you to come down to the office as soon as you can."

"I wonder what he wants now," Noah said in a huff.  Picking up his jacket he kissed his new wife and headed out the door.