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.
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.
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!