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What's the Difference Between Fixed-Rate and Adjustable-Rate Mortgages?

July 30, 2024 • Anita Hummel • Season 3 • Episode 21

Two primary mortgage types are often considered when looking at home financing options: fixed-rate mortgages and adjustable-rate mortgages (ARMs). Each mortgage type offers distinct advantages and potential drawbacks, depending on the borrower’s financial situation, market conditions, and long-term plans. This episode will delve into the details of fixed-rate mortgages and ARMs, providing a comprehensive overview of their features, benefits, disadvantages, and ideal scenarios.

You can read more about Understanding Fixed-Rate and Adjustable-Rate Mortgages by clicking here.

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