Differences between fixed-rate vs. adjustable-rate mortgages The biggest difference between a fixed-rate mortgage and an ARM is the variability of the interest rate.

When you apply for a mortgage, choosing between a fixed and an adjustable-rate mortgage (ARM) loan will be one of the most important choices you make. You need to know the difference between these ...

The difference between a fixed -rate mortgage and an adjustable rate mortgage (ARM) loan is fairly simple. A fixed rate means you will pay the same interest rate over the entirety of your loan ...

An adjustable-rate mortgage (ARM) is a home loan with an interest rate that can change periodically with the market.

Fixed-rate mortgages remain the same throughout the life of the loan, while adjustable-rate mortgages change at specified intervals based on market trends.

The biggest difference between a fixed-rate mortgage and an ARM is that, with the former, your monthly principal and interest payment stay constant.

Whether a fixed- or adjustable-rate mortgage (ARM) is better for you will depend on your financial situation and risk tolerance. Here's how both work and how to decide between them.