Should I choose a fixed-rate or adjustable-rate mortgage?
A fixed-rate loan keeps the same rate and payment for the life of the loan — predictable and popular. An adjustable-rate (ARM) starts lower but can change later. Fixed suits most long-term buyers; an ARM can fit if you'll move or refinance soon.
A fixed-rate mortgage locks your interest rate — and your principal-and-interest payment — for the entire loan. It's predictable, and it's what most buyers choose, especially when they plan to stay put.
An adjustable-rate mortgage (ARM) usually starts with a lower rate for a set period, then can adjust up or down. It can make sense if you're confident you'll move or refinance before it adjusts, but it carries more risk if life changes. There's no one-size answer — your timeline and comfort with risk decide it, and a lender can show both side by side.
This answer is general education, not legal, tax, or financial advice. Your situation is unique — let's talk through the specifics together.