Fixed vs. Adjustable-Rate Mortgages — What’s Right for You?

Choosing between a fixed or adjustable-rate mortgage (ARM) is one of the biggest decisions in your home loan process. Here’s how to make the best choice for your journey.

🔒 What Is a Fixed-Rate Mortgage?

Your interest rate stays the same for the life of the loan (typically 15, 20, or 30 years). This means predictable monthly payments — great for long-term stability.

Best for:

✅ Buyers planning to stay in their home long-term

✅ Budget-conscious borrowers

✅ People who want to avoid surprises

🔄 What Is an Adjustable-Rate Mortgage (ARM)?

Your rate is fixed for an initial period (e.g. 5, 7, or 10 years), then adjusts periodically based on the market. These typically start with a lower interest rate than fixed-rate loans.

Best for:

✅ Buyers planning to sell or refinance before the adjustment period

✅ Those who want lower initial payments

✅ Buyers confident in future income growth