These days there are more options to consider than just the traditional 30-year mortgage. As housing prices in Massachusetts have risen since the early 90's, so has the burden of paying for a home. In response to these new challenges mortgage lenders have developed alternatives to the mortgages of the past. New specialty mortgage options like ARMs (Adjustable Rate Mortgages), 40-year mortgages, and interest-only mortgages are dramatically changing the ways consumers can pay for their home. However, many of these new options come at a price, and some consumers can fall victim to flashy incentives and promises that can leave them with a greater financial burden than anticipated. Using resources provided by the National Association of REALTORS® and the Federal Housing Administration, the Massachusetts Association of REALTORS® has compiled four guides to help you understand your options when considering a mortgage for the home of your dreams.