In which scenario would a borrower be most likely to choose a 30-year fixed mortgage?

Choosing a 30-year fixed mortgage is primarily driven by the desire for predictable monthly payments over a long term. This type of mortgage provides stability in budgeting, as the borrower knows exactly what their monthly payment will be throughout the life of the loan. With a fixed interest rate, homeowners are insulated from fluctuations in market rates, allowing for easier long-term financial planning.

While other mortgage options might appeal to those looking to sell quickly, prefer lower monthly payments that can vary, or qualify for specific interest rates, these do not capture the core advantage that a 30-year fixed mortgage provides. It is particularly attractive to borrowers who wish to establish a stable, long-term investment in their home without the uncertainty of changing payments or interest rates.