when it comes to debt a mortgage is the one type of debt that I'm also okay with here are a couple specific conditions to remember number one I highly recommend a 15-year fixed rate mortgage steer clear of the 30-year or adjustable rate mortgages 15year fix is great number two don't rush into a mortgage loan really make sure that you're buying a house when you are ready and that means two things have to be true number one that you are debt free number two that you have a fully funded emergency fund of 3 to 6 months of expenses
