Choosing between a fixed-rate and adjustable-rate mortgage (ARM) can impact your financial future.

Fixed-Rate Mortgage (FRM):

Same interest rate for the life of the loan.

Stable monthly payments — great for long-term homeowners.

Typically slightly higher initial rate than ARMs.

Adjustable-Rate Mortgage (ARM):

Lower starting interest rate.

Rates adjust after a fixed period (e.g., 5/1 ARM adjusts after 5 years).

Good for buyers planning to sell or refinance within a few years.

💡 Pro Tip: If you’re buying your “forever home,” a fixed-rate loan offers peace of mind. If you plan to move soon, an ARM might save you money upfront.

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