Fixed vs. Adjustable Interest Rates.
A fixed rate allows you to lock in a low interest rate as long as you hold the mortgage and, in general, is a good choice if interest rates are low. An adjustable-
rate mortgage (ARM) usually offers a lower rate that will rise as market rates increase. ARMs usually have a limit as to how much and how frequently the interest rate can be increased. These types of mortgages are a good choice when #fixedinterestrates are high or if you expect your income to grow significantly in the coming years. #realtortalk #amsteam #amsimmobi