Tag: adjustable-rate
A mortgage on your home is a long-term investment, generally lasting anywhere from 15 to 30 years. All homeowners need to decide if they want to have a fixed rate of interest on that mortgage with steady and unchanging monthly payments or dip a toe into the complex world of an adjustable rate mortgage...
When Is It Worth It To Refinance?
Mortgage refinancing entails repaying an old loan and replacing it with a new one. Homeowners remortgage for a variety of reasons:
To get a lower rate of interest
To reduce the duration of their mortgage
To convert a variable-rate mortgage (ARM) to a fixed-rate mortgage (FRM),...