Mortgages Undergo an Attitude Adjustment

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Mortgages Undergo an Attitude Adjustment

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Why do over 90% of mortgage applicants opt for a fixed-rate loan, even though an adjustable-rate could save them hundreds in monthly payments? Perhaps the adjustable rate—which fluctuates over time—isn’t worth the risk.

Still, for certain borrowers, an adjustable-rate mortgage might be the better choice.

Interest rates on ARMs tend to be lower than those on fixed-rate mortgages. For example, according to personal finance…

By | 2017-07-05T15:45:29+00:00 July 5th, 2017|Comments Off on Mortgages Undergo an Attitude Adjustment