Mortgage Secrets Experts Don't Want You To Know
Understanding Interest Rates
Interest rates play a critical role in determining the total cost of your mortgage. While fixed-rate mortgages offer stability with consistent monthly payments, adjustable-rate mortgages (ARMs) can initially offer lower rates, which may rise over time. It's crucial to evaluate your financial situation and future plans when deciding between these options. Additionally, factors such as your credit score, down payment, and loan type can influence the interest rates you're offered2.