Client Profile: Name: Kyle Age: 34 Occupation: Commercial airline pilot Goal: Buy a townhouse now, upgrade to a larger home in 5–7 years Location: Charleston, SC The Situation Kyle had just finished his first full year making six figures and was ready to purchase his first home. He wanted a 3-bedroom townhome close to the airport — but didn’t want […]
A Fixed-Rate Mortgage Keeps Your Payments Predictable With a fixed-rate mortgage, your interest rate—and your monthly payment—stay the same for the life of the loan, whether that’s 15, 20, or 30 years. This is ideal if: It’s the “set-it-and-forget-it” option that gives many buyers peace of mind. See what fixed-rate payments look like with our
1. An ARM Starts With a Lower Interest Rate Than a Fixed Mortgage One of the biggest appeals of an ARM is the initial low interest rate, which is fixed for a set period—commonly 5, 7, or 10 years. Lower rate = lower monthly payment early on Can help you afford more home in the short term Ideal for buyers
One of the most important decisions you’ll make when financing a home is choosing between a fixed-rate mortgage and an adjustable-rate mortgage (ARM). And while one isn’t always “better” than the other, the right choice depends on your goals, timeline, and risk comfort — not just today’s rate. Let’s break down how each one works,