Comparing 5-year ARM to 30-year fixed

Which is better -- a fixed-rate mortgage or an adjustable-rate mortgage? It's a common question among home buyers and refinancing households in Virginia.

The answer? It depends. 

Fixed-rate mortgages give the certainty of a known, unchanging principal + interest payment for the life of the loan. ...

05.04.11 03:59 PM - Comment(s)

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