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Fixed vs Adjustable Rate Mortgage Loans: A 2024 Guide
Choosing the right type of mortgage is a big decision, possibly one of the biggest financial choices you’ll ever make. When you're thinking about buying a house, it can feel like everyone’s throwing around terms like “fixed-rate,” “ARM,” “points,” and more. Let’s get back to basics. Two of the most common mortgage options are the fixed-rate mortgage and the adjustable-rate mortgage (ARM).
Choosing the right type of mortgage is a big decision, possibly one of the biggest financial choices you’ll ever make. When you're thinking about buying a house, it can feel like everyone’s throwing around terms like “fixed-rate,” “ARM,” “points,” and more. Let’s get back to basics. Two of the most common mortgage options are the fixed-rate mortgage and the adjustable-rate mortgage (ARM).
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