Adjustable-rate mortgages offer lower initial rates but carry future reset risk.
Fixed-rate loans provide payment certainty across the term. Hybrid 7/1 and 10/1 ARMs split the difference.
Your time horizon in the home drives the optimal choice.
Adjustable-rate mortgages offer lower initial rates but carry future reset risk.
Fixed-rate loans provide payment certainty across the term. Hybrid 7/1 and 10/1 ARMs split the difference.
Your time horizon in the home drives the optimal choice.