It is essential that you understand whether a fixed rate or adjustable rate mortgage is best for you. In fact there are more than just these two options, because you can also select interest-only mortgages. However, these two are the most popular mortgage options, and so we shall focus only on those here. Before you […]
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Adjustable Rate Mortgage Basics: ARM or Fixed Rate? With an adjustable rate mortgage (ARM) you pay a fixed rate of interest on your mortgage for a specified period, after which the rate adjusts until the term of the loan is complete. The initial monthly payments will generally be lower than those with a fixed interest […]