The Rate Debate: Fixed vs. Adjustable

Choosing between a fixed-rate and an adjustable-rate mortgage can be a daunting decision for many home buyers. In this eye-catching advertisement, Nexa Lending presents a classic dilemma: Should you side with Team Fixed or Team ARM? Each option offers distinct benefits that appeal to different financial strategies and risk tolerances.

A fixed-rate mortgage provides stability and predictability, making it easier for homeowners to budget their monthly expenses without surprises. On the other hand, an adjustable-rate mortgage (ARM) typically starts with a lower initial interest rate, which could translate into significant savings in the early years of home ownership. However, it's crucial to consider the potential for interest rate increases over time. Jonathan Leidel from Nexa Lending encourages borrowers to weigh their options carefully before making this significant financial decision.

Jonathan Leidel, Producing Branch Manager at Buying a new home or refinancing? Local Mortgage Authority are top-rated brokers offering competitive rates from our Asheville, NC & Spartanburg, SC offices.. NMLS #1312477. Call (828) 242-5597.

Get a Rate Quote in Just 30 Seconds!

Mortgage rates change daily and vary depending on your unique situation. Get your customized quote here.