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Adjustable vs. Fixed Rate Mortgages

 Adjustable vs Fixed Mortgage

If you have been in the market to purchase a home, you have undoubtedly heard terms like “fixed rate” and “adjustable rate,” but which is best for you?

The low initial cost of an adjustable-rate mortgage, or ARM, is tempting to many homebuyers, but they do carry more uncertainty than the alternative.

A fixed-rate mortgage may be more costly initially, but the security of knowing your payment will remain consistent throughout the life of the mortgage is important for many.

If you are unsure about which is best for you, the following list of pros and cons will help you decide.

Adjustable-Rate Mortgages

Advantages

Disadvantages

Fixed-Rate Mortgages

Advantages

Disadvantages

Let Us Help

If you are still not sure which route is best for you, the loan experts at Butler Mortgage are here to help. Call us today at 407-931-3800 to schedule a consultation with one of our loan officers who can walk you through each step of the mortgage process.

407-931-3800

Request a FREE consultation

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