Author: mikedemko

Fixed-Rate vs. Adjustable-Rate Mortgages: An Overview Fixed-rate mortgages and adjustable-rate mortgages (ARMs) are the two primary mortgage types. While the marketplace offers numerous varieties within these two categories, the first step when shopping for a mortgage is determining which of the two main loan types best suits your needs. KEY TAKEAWAYS A fixed-rate mortgage charges a set rate of interest that does not change throughout the life…