Top Home Mortgage Questions Answered

The answer depends on your financial situation. With fixed-rate mortgages, the rate remains the same all throughout the loan period, whereas with adjustable rates, the initial amount may be lower yet over time it increases significantly. Factor in the inflation rate and your projected income and expenses With fixed-rate mortgages, the rate remains the same all throughout the loan period, whereas with adjustable rates, the initial amount may be lower yet over time it increases significantly.