Is it Time to Refinance From an Adjustable Rate Mortgage to a Fixed-Rate Mortgage?

2022-12-16T20:54:27+00:00October 30th, 2018|Refinance|

If you have an adjustable rate mortgage and noticed your mortgage payment has been steadily rising each month, it might be a good idea to refinance to a fixed rate mortgage instead.

While adjustable rate mortgages can be attractive compared to a fixed rate in the beginning due to the often lower interest rate, rates are likely to increase over time. Locking in a rate with a fixed rate mortgage allows you to know exactly how much your