
Fixed Rate Mortgage vs Adjustable-Rate Mortgage (ARM): What’s the Difference and Which Should You Choose?
Fixed Rate Mortgage vs Adjustable-Rate Mortgage: What’s the Difference and Which Should You Choose? When it comes to financing a home, one of the most important decisions you’ll make is choosing between a Fixed Rate Mortgage and an Adjustable Rate Mortgage (ARM). Both loan types come with unique benefits, and the right choice depends on your goals, financial situation, and how long you plan to stay in your home. Let’s break down the key differences and help you figure out which might be the better fit. What is a Fixed Rate Mortgage? A Fixed Rate Mortgage is exactly what it sounds like: a loan with an interest rate...
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