“ADJUSTABLE-RATE VS FIXED-RATE MORTGAGE “
When acquiring a mortgage, there are many loan features to consider. One of the most significant decisions is getting an adjustable-rate mortgage, an ARM, or fixed-rate mortgage. Each has its pros and cons. The interest rate is the critical difference between an ARM and a fixed-rate mortgage. An adjustable-rate mortgage typically has a lower initial interest rate than a fixed-rate loan, meaning the monthly payment during the introductory period is lower. However, after the initial period, the monthly payment can rise. A fixed-rate mortgage has the same interest rate for the life of the loan, and monthly payment of the principal won’t change. It’s essential for buyers to speak with knowledgeable real estate agent about the best option.
Sometimes it seems there are so many choices available that it’s impossible to make any decision. And when you’re not familiar with the many potential options, how do you make the choices that are right for you? You could spend hours plodding through websites, making phone calls, asking friends for ideas. Or you could make one call to put our experience, expertise, and extensive knowledge of all the things real estate to work for you. Stop by or call to discuss your real estate needs. “OUR SUCCESS HAS BEEN BUILT ONE SATISFIED CUSTOMER AT A TIME.”
