Your principal and interest payments will remain constant for the life of the loan. Choose a fixed rate mortgage if you prefer the certainty of a fixed monthly payment.
Adjustable Rate Mortgage
Your interest rate is locked in for a period of time after which rates fluctuate. Choose an adjustable mortgage if you prefer a lower initial monthly payment.
A Federal Housing Administration loan may be right for you if you're looking for a loan that may require less cash upfront for the down payment.
Has it always been your dream to own a lake-front property? This low-rate adjustable rate mortgage is perfect if your property is contiguous to a body of water.
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