Fixed vs. Adjustable Rates

3 years ago
44

What is the difference between Fixed and Adjustable Rate Mortgages?

What is a Fixed Rate?
What is an Adjustable Rate?
What does a 2/28 or 7/1, etc mean?
What does an ARM mean?
Is there a risk to adjustable rate mortgages?
Is there a rate difference between fixed vs. adjustable rates?

Jeffrey Chubb | Chubb Homes Team | 617-480-2600 | Jeff@Boston2.com | www.Boston2.com | Brokered by eXp Realty

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