Secrets Your Mortgage Broker Will Not Tell You

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Adjustable-Rate Loans Are Risky

Source: https://www.lendwithjeff.com

Payments on an adjustable-rate loan may start out small, but will fluctuate with the market and can eventually cost much more than a fixed-rate loan. Don’t think an adjustable rate will be better, as rates tend to go up rather than down. It may appear to be better to most borrowers. But a fixed-rate loan has no surprises. You know what you will be paying until the end of the loan. So be smart and stay secure.  Do the math, and the research. Don’t risk more than you should.