Here are the key differences between fixed-rate and adjustable-rate mortgages
Advertisement
If you're planning on becoming a homeowner one day, you'll likely take out a mortgage to finance your purchase.
Advertisement
The two most common types of home loans - fixed-rate and adjustable-rate mortgages - each have pros and cons, and choosing the right one for your situation will have affect your financial outlook for years.
Use the chart below to guide you through the key differences between these two types of mortgages and to find out which one may be best for you.
Advertisement
- 2 states where home prices are falling because there are too many houses and not enough buyers
- US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report says
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- 9 health benefits of drinking sugarcane juice in summer
- 10 benefits of incorporating almond oil into your daily diet
- From heart health to detoxification: 10 reasons to eat beetroot
- Why did a NASA spacecraft suddenly start talking gibberish after more than 45 years of operation? What fixed it?
- ICICI Bank shares climb nearly 5% after Q4 earnings; mcap soars by ₹36,555.4 crore