Fixed vs. Adjustable Rate Mortgages: How to Choose?

  The mortgage process can be intimidating! There are different types of loans, different structures, and terms that can can have long term financial implications. In this situation, information is power. Understanding your options and how they affect you is the key to making a smart decision that will set you up for success. One of the first decisions to make is the structure of your loan. Let’s start with a couple of definitions: A Fixed Rate Mortgage is an agreement to make payments at a certain interest rate for the entire life of the loan. An Adjustable Rate Mortgage often offers a lower introductory rate that can be raised…
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