Yes, a higher interest rate means a larger monthly payment. But it’s not that simple. You need to understand what type of mortgage you’re selecting. For example, Adjustable-rate mortgages (ARMs) often have lower initial rates than fixed-rate mortgages. But interest rates on these mortgages reset periodically. So when that happens, your rate could rise, and sometimes more than you’re prepared for. Got mortgage questions? I’ve got answers. Let’s talk! #thehelpfulLO #home #house #homeowner #finances #themoreyouknow #listreports #househunting #investment #icanhelp #smartmoney #realestate #happyhomeowners #happyhome #dreamhome
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