Blog > What’s the Difference Between Fixed-Rate and Adjustable-Rate Mortgages?
What’s the Difference Between Fixed-Rate and Adjustable-Rate Mortgages?
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A fixed-rate mortgage keeps the same interest rate for the entire term, offering stability and predictable payments. An adjustable-rate mortgage (ARM) starts with a lower rate that adjusts after a set period based on market conditions. ARMs can be beneficial for short-term homeowners or investors, but fixed rates are ideal for long-term stability. The right choice depends on personal goals and market trends.
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