The type of mortgage that is right for you will depend on your individual circumstances and financial goals. If you are looking for stability and predictability, a fixed-rate mortgage may be a good option. However, if you are willing to take on more risk in exchange for a potentially lower interest rate, an ARM may be a better choice.
How do I get pre-approved for a mortgage?
To get pre-approved for a mortgage, you will need to provide the lender with information about your income, debts, and assets. The lender will then use this information to determine how much you can afford to borrow. Getting pre-approved will give you a better understanding of how much you can afford to borrow, and it will also make the home buying process more competitive.
