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Loan Program Basics
Fixed vs. ARM: which loan fits your plan?
When you're shopping for a mortgage, one of the earliest decisions is whether to lock in a fixed rate for the entire loan or choose an adjustable-rate mortgage (ARM). A fixed rate stays the same for 15, 20, or 30 years—predictable and stable. An ARM typically starts lower but can change after an initial period, which means your payment could go up down the road. Neither is right for everyone. If you plan to stay in your home long-term and want payment certainty, fixed usually makes sense. If you're thinking shorter-term or expect your financial situation to improve, an ARM might be worth exploring. The best choice depends on your timeline, risk tolerance, and what you're comfortable with. Let's talk through what matches your situation. Reach out anytime you'd like to walk through how these loans work for your specific goals.
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