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Adjustable Rate Mortgage vs. Fixed Rate Mortgage: Which is Right for You?

When it comes to mortgages, there are two primary options to choose from: adjustable-rate mortgages (ARMs) and fixed-rate mortgages. Each type of mortgage has its own benefits and drawbacks and deciding which one is right for you will depend on a number of factors. Key Takeaways: Adjustable rate mortgages (ARMs) have a lower initial interest […]