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Loan Program Basics
Fixed vs. adjustable: which loan fits your plan?
When you're shopping for a mortgage, one of the biggest choices is whether to lock in a fixed interest rate for the life of your loan or start with a lower adjustable rate that changes over time. A fixed rate gives you predictability—your payment stays the same for 15, 20, or 30 years, which makes budgeting easier and protects you if rates rise. An adjustable rate typically starts lower, which can mean smaller payments early on, but it can increase later, so it works best if you plan to sell or refinance before the adjustment kicks in. Neither is right or wrong; it depends on how long you're staying in the home and how comfortable you are with payment uncertainty. The right choice is personal, and I'd love to walk through what makes sense for your specific situation. Let's talk through which structure aligns best with your timeline and comfort level.
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