Fixed Rate vs ARM Mortgages: Pros, Cons & Cost Breakdown

Описание: In this video, I break down the core differences between a fixed-rate mortgage and a 7-year ARM (Adjustable-Rate Mortgage). After 33 years in the mortgage business, I’ve seen countless borrowers struggle to decide which option fits their goals and risk tolerance. Here’s what you’ll learn:

What “fixed” really means: How a 15-, 20-, or 30-year fixed rate stays the same for the life of the loan.

How a 7-year ARM works: Why you get a lower rate up front, how monthly payments compare, and what happens when the rate adjusts after year 7.

Real-world example: A $600,000 loan at 6.5% fixed vs. a 7-year ARM at 6.125%. You’ll see how the $147/month savings adds up to nearly $12,000 over seven years—and what that extra cash could mean for you.

Pros & cons: When it makes sense to lock in stability with a fixed rate, and when an ARM’s lower initial payment is worth the risk of adjusting payments later.

Refinance considerations: Why many homeowners refinance every 7–9 years and how to decide if refinancing is right for you after your ARM’s fixed period ends.

Whether you’re a first-time buyer or looking to refinance, this breakdown will help you choose with confidence. If you have questions about your situation or want a personalized analysis, leave a comment or send me your mortgage statement, and I’ll review your options.

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