Adjustable Rate Mortgage vs Fixed Rate: Which is Better?
Choosing between an adjustable-rate mortgage (ARM) and a fixed-rate mortgage demands careful consideration. Both financing options have distinct advantages, shaping the financial trajectory of homeownership and investment ventures. An adjustable-rate mortgage, or ARM, is characterized by fluctuating interest rates. Unlike its fixed counterpart, the interest rate on an ARM varies periodically, typically adjusting annually after …
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