Although interest rates are on the rise, it's still a great time to purchase a home. Speak with one of our expert loan officers today!

Should I choose a fixed-rate or adjustable-rate mortgage?

There are certain factors to consider when deciding between the two. First, think about how long you plan to live in your home. An adjustable-rate mortgage makes more sense if you only plan to live in your home for a few years. It’s also important to think about whether you’ll still be able to afford your monthly mortgage payments if the interest rate drastically increases. If you’re looking to avoid a fluctuating rate, opt for a fixed-rate mortgage.

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