In this two-minute video, you’ll learn the difference between an adjustable-rate mortgage (ARM) and a fixed-rate mortgage. Summary Loan terms are 15, 20 and 30 years. Fixed-rate mortgages may offer predictability and stability with a rate that doesn’t change. A 5/1 ARM has a fixed rate for the first five years. The initial rate of …
The difference between adjustable-rate and fixed-rate mortgages? Read More »
Getting a mortgage preapproval can give you a big advantage in the home-buying process. This golden ticket involves some of the same steps as a mortgage application. You provide detailed information on an application about your income, debts and assets. The lender does a hard credit check. Soon, if you’re approved, you’ll receive a loan …
Everything you should know about getting preapproved for a mortgage Read More »
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