If you are choosing a new mortgage, one of the biggest decisions you will need to make is between a fixed-rate mortgage and an adjustable-rate mortgage. While the low upfront cost of adjustable-rate mortgages is tempting, the uncertainty of the future is a major risk. What are the key differences between the two types of […]
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Adjustable vs. Fixed-Rate Mortgage
Differences Between Adjustable vs. Fixed-Rate Mortgage There are two types of mortgage interest rates, and your monthly payment can change drastically depending on which you choose. A fixed-rate mortgage is just that – a rate that doesn’t change. The most common terms for fixed-rate borrowers are 30 years and 15 years, but 10 and 20 […]
