Fixed-rate and adjustable-rate mortgages are two of the most popular loan types for buying a home or refinancing your mortgage (including cash-out refinances). Both options are available for conventional conforming loan amounts, jumbo (non-conforming) loan amounts, and FHA or VA programs.
Fixed-rate mortgage | Adjustable-rate mortgage (ARM) |
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Features | Features |
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Benefits | Benefits |
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Considerations | Considerations |
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