11/04/2026
Not all mortgages work the same way! Unlike a traditional fixed-rate mortgage, an Adjustable-Rate Mortgage (ARM) starts with an interest rate that's locked in for a set period of time, often 5 or 7 years. The biggest advantage? That initial rate is typically lower than a fixed-rate mortgage, which can mean a more affordable monthly payment upfront. The catch? Once that initial period ends, the rate can adjust, meaning your payment could go up or down.
It's all about understanding your options and finding what works best for your situation! https://dsmoak.oldcolony.com/