Looking for trustworthy answers? Westonci.ca is the ultimate Q&A platform where experts share their knowledge on various topics. Experience the convenience of getting accurate answers to your questions from a dedicated community of professionals. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.

How is an Adjustable Rate Mortgage different from a Fixed Rate Mortgage? Is one better than the other? Explain.

Sagot :

Answer:

in my opinion, a fixed rate mortgage is better than an adjustable rate, a fixed  mortgage interest stays the same unchanged, however an adjustable mortgage rate only rises as time passes.