Make An Adjustable Mortgage Rate Work For You

With rates lower now than they’ve been in decades, we hear a lot about fixed mortgage rates. But adjustable mortgage rates can still make sense, if you only plan to own the home for a few years. You might be able to find a reasonably priced 5/1 mortgage, and enjoy a lower payment and interest rate, allowing you to build up your savings for your next home. Plus, if you move before the adjustable rate period begins you won’t experience any risk associated with adjustable-rate mortgages.