Sunday, October 30, 2005

Fixed-rate mortgage or adjustable-rate mortgage? (Home Mortgage)


Fixed-rate mortgage or adjustable-rate mortgage?
Should you get a fixed-rate mortgage or an adjustable-rate mortgage, aka, ARM? Our interactive adviser will help you decide.

Types of Loan Programs: Conforming, Jumbo Loans, FRMs, ARMs
to stay in your house for at least 5 to 7 years, it will be reasonable to consider an Adjustable Rate Mortgage, Balloon Mortgage or Two-Step Mortgage.

Mortgages: Fixed-Rate Versus Adjustable-Rate
the fixed-rate mortgage or the adjustable-rate mortgage - best suits your needs. The interest rate for an adjustable-rate mortgage varies over time.