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Loan Program Fit
Fixed vs. adjustable: which loan makes sense for you
When you're shopping for a mortgage, the interest rate gets most of the attention—but the type of loan you choose matters just as much. A fixed-rate mortgage keeps the same rate and payment for the life of the loan, which means predictability and peace of mind. An adjustable-rate mortgage (ARM) typically starts lower but can change after an initial period, which might work if you plan to move or refinance before rates adjust. Neither is inherently "better." It depends on your timeline, risk tolerance, and how long you're planning to stay in the home. If stability is what you value most, fixed is usually the right call. If you're comfortable with some uncertainty and want a lower starting rate, an ARM might be worth exploring. The key is understanding what you're signing up for—not just the opening rate, but how the loan actually works over time. Let's talk through which option fits your situation.
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