Fixed vs ARM mortgage loan

Fixed vs ARM: How to Choose Your Loan

By JP Dennis, Flyhomes Mortgage When researching mortgage loans, you’ll decide between a fixed rate mortgage and an adjustable rate mortgage(ARM). Let’s explore both to help determine which is best for you. The basics -An ARM loan typically begins with a lower interest rate, but will adjust after an initial period. If rates rise, the payments on the loan can become unaffordable. -A fixed rate … Continue reading Fixed vs ARM: How to Choose Your Loan