Sentences with phrase «predictable than fixed rate mortgages»

But over the long term, the costs are far less stable or predictable than fixed rate mortgages.

Not exact matches

If you prefer predictable payments and / or are planning to stay in your home for longer than a decade, a fixed - rate mortgage may be better, says Shikma Rubin, a mortgage consultant at Tidewater Home Funding in Chesapeake, VA. «This is especially true in today's market, when interest rates are low.

If you have a set budget and want to have a predictable payment from month to month, than a fixed - rate mortgage might work well for you.

Being predictable, the fixed rate mortgages are popular despite the fact that the rate of interest charged for it is always higher than other types of mortgages, such as adjustable rate mortgages.

If the ARM loan rate is only slightly lower than the (more predictable) fixed mortgage, it wouldn't make sense to take on the risk of an ARM.