Are Fixed Rate Mortgages or Adjustable Rate Mortgages better for me?

When you are in the market for a mortgage, one of the many decisions you’ll have to make is whether to apply for a fixed-rate loan or an adjustable rate mortgage (ARM). Both can be beneficial, depending on your situation. Learning the difference between them can ensure you get the right product for your financial goals. Fixed-Rate Mortgages Fixed-rate mortgages (FRMs) are just as their name suggests - loan with a fixed interest rate, a rate that never changes over the course of the mortgage. The obvious benefit of this type of loan is that your monthly payment, as well as your inte...

August 15th, 2018 | Purchasing a Home, Fixed Rate Mortgages, Adjustable Rate Mortgages, Refinancing a Home, Are Fixed Rate Mortgages or Adjustable Rate Mortgages better for me?

IDFPR, Division of Banking
Kerri Doll
Director
320 West Washington, 3rd Floor
Springfield, IL 62786
Phone:  888-473-4858

RDS Mortgage Corporation

Phone: 630-435-9100 | Fax: 815-531-0901
14722 S Naperville Rd, Unit 104, Plainfield, Illinois 60544
RDS is an Illinois Residential Mortgage Licensee #MB.6759848, NMLS# 205337

RDS Mortgage Corporation is a BBB Accredited Mortgage Broker in Plainfield, IL