30 vs 10 year fixed at current mortgage rates

[Steven Ellis]

I'm looking at buying a property to live in and eventually rent. My lender is suggesting a 10 year fixed vs a 30 year right now due to rates. My strategy is to keep the home long term so to me a 10 year doesn't seem logical as the rates are unlikely to go below the current rate in the next 10 years. Any insight as to why a 10 year might make sense as my lender suggests?

[Brie Schmidt]

@Steven Ellis - What is your long term plan?  Are you going to buy more properties?  

If so, you will probably need the lower payment for your DTI. On my second I wanted to do a 15 year and my lender talked me out of it. He showed me that on the $300k loan we were doing it would prevent me for getting approved for a $150k house in the future because the payment was $750 a month higher.