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Differences between fixed-rate vs. adjustable-rate mortgages. ... Both require good credit to qualify: With either a fixed-rate mortgage or an ARM, a lender assume a certain level of risk to loan ...
Continue reading → The post Fixed vs. Adjustable Rate Mortgages appeared first on SmartAsset Blog. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 more ...
15-year fixed-rate mortgage: If it’s the interest rate you’re worried about, consider a 15-year fixed-rate loan. It generally carries a lower rate than its 30-year counterpart.
10/6 and 10/1 ARMs: 10/6 and 10/1 ARMs have a fixed intro rate for the first 10 years of the mortgage, then move to an adjustable rate for the remaining 20 years. 10/6 ARMs adjust every six months ...
See today's average mortgage rates for a 30-year fixed ... 10-year fixed rate. 5.93%. 5/1 adjustable rate mortgage. ... The best mortgage rates go to borrowers with good to excellent credit ...
See today's average mortgage rates for a 30-year fixed ... 10-year fixed rate. 6.19%. 5/1 adjustable rate mortgage. ... The best mortgage rates go to borrowers with good to excellent credit ...
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