Home Financing Library
Trade Your ARM for a Fixed Rate
By switching to a fixed rate loan, it is possible to reduce your payment and lock in at an attractive rate for as long as you own your home.
Keep in mind, there are certain cases where an ARM makes sense. For example, if you are fairly certain you’ll be moving within a few years you may consider an ARM. However, if you plan on being in the home for many years, than a fixed rate loan may be the best option.