To Fix or to Adjust, That Is the Question!
While the homebuying process can be a fun one, it can also be confusing, especially for those who are purchasing a home for the first time. One of the main questions people ask themselves when buying a home is whether they should choose a fixed-rate or adjustable-rate mortgage. Which Mortgage Rate Is Right for You? The main difference between fixed-rate and adjustable-rate mortgages is the interest rate. For a fixed-rate mortgage, your interest rate stays the same throughout the duration of the loan.
Read on →