|
Loan Program Guide
Fixed vs. adjustable: which one fits your plan?
When you're shopping for a mortgage, one of the biggest choices is whether to lock in a fixed rate for the life of your loan or start with an 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 climb. An adjustable rate often starts lower, which can mean lower initial payments, but it will eventually adjust, and your payment could go up. The right choice depends on your timeline, how long you plan to stay in the home, and your comfort level with uncertainty. If you're curious which option aligns with your situation, I'd love to walk through the pros and cons with you. Let's talk about which loan structure makes the most sense for your goals.
|