What’s the Difference Between a Fixed-Rate and Adjustable-Rate Mortgage
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. An Adjustable-Rate Mortgage (ARM) Starts Lower—Then Changes An […]
