Here’s what potential buyers should know about adjustable-rate mortgages.
As we’re seeing rates continue to increase, I’ve had a bunch of folks ask me about the differences between adjustable-rate and fixed-rate mortgages. Today I’ll go over the pros and cons of adjustable-rate mortgages, or ARMs.
Feel free to watch the full video, or use these timestamps to browse specific topics at your leisure:
0:00 — Introduction
0:25 — What’s an adjustable-rate mortgage, or ARM?
1:20 — The advantages of using an ARM
3:20 — The disadvantages of an ARM
5:40 — Why I think we’ll see more ARMs as interest rates increase
6:05 — Wrapping things up
If you have any questions about mortgages, need a good lender, or have any other real estate-related questions, don’t hesitate to reach out via phone or email. My team and I look forward to hearing from you soon.
