ARM vs. fixed rate mortgage

A fixed rate mortgage offers predictable monthly payments for the life of the loan. Adjustable rate and interest-only loans provide lower rates and payments now, but can result in sharply higher payments in future years.



  • http://allaboutvaloans.yolasite.com/ Mortgage Investors Corporation

    However, since your mortgage's principal balance is not decreased, you
    will have a balloon payment at the end of the mortgage's term.