With all of the home financing options available, it's important to understand the differences between Adjustable Rate Mortgages (ARMs) and fixed rate Mortgages. Each Mortgage type offers distinct advantages and potential drawbacks.
ARM vs Fixed Rate Mortgage Options
When deciding whether an ARM or fixed rate Mortgage is right for your financial situation, you should evaluate factors such as your current income, future earning potential, risk tolerance, and long-term housing plans. By carefully considering these elements, you can choose a Mortgage that aligns with your financial goals and offers the best balance of affordability and security.
To discover if an ARM is best for your budget, download our free checklist:
Peach State Can Help You Decide Whether an ARM or a Fixed Rate Mortgage Is Best
When choosing the best home loan to fit your needs and lifestyle, it’s best to work with a lending professional who understands the Georgia and South Carolina housing market. Contact one of our Mortgage Specialists at 770.580.6098 or mortgage@peachstatefcu.org and experience a partner that will help you navigate every step of your home-buying journey while finding solutions that are best for your needs versus a sales goal.
At Peach State, we understand what it takes to turn homeownership into a reality, and we’d love to help make your dreams come true. We're ready to help you get pre-approved today!
When deciding between an arm vs fixed rate mortgage, you need to understand your current budget. Find your ideal mortgage payment in our free guide, "How Much House Can I Afford in Georgia or South Carolina."
