💰 Fixed-Rate vs Adjustable-Rate Mortgage Savings

Buying a home? Your mortgage choice could save (or cost) you thousands.

The big question: fixed-rate or adjustable-rate mortgage (ARM)? Here’s the breakdown:

1. Fixed-Rate Mortgage: Your interest rate stays the same for the entire loan term.

• Best for: Long-term homeowners who want predictable payments.
• Downside: Higher initial interest rates.

2. Adjustable-Rate Mortgage (ARM): Starts with a lower fixed rate, then adjusts periodically.

• Best for: Buyers planning to move or refinance within a few years.
• Downside: Rates (and payments) can increase over time.

Which one is right for you?

• Staying put for 10+ years? A fixed-rate mortgage is likely your best bet.
• Moving or refinancing soon? An ARM could save you money upfront.

Before you decide, compare rates, crunch the numbers, and talk to a lender.

Need help choosing the right mortgage? Start here.

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