Fixed & Adjustable Rate Mortgages (ARMs) FAQs

If you plan to stay in your home long-term, a fixed-rate may offer peace of mind. If you plan to sell or refinance within a few years, an ARM might offer initial savings. It depends [...]

A fixed-rate mortgage keeps the same interest rate for the life of the loan, while an ARM has a lower initial rate that adjusts periodically based on the market. Fixed-rate mortgages keep the same interest [...]