Fixed-Rate Mortgages vs. ARMs: Which to Choose?

Mongoose vs. Cobra. Coyote vs. Roadrunner. Pirate vs. Ninja?  And finally, “fixed-rate mortgage vs. adjustable-rate mortgage.”  Yes, we’re talking about the greatest rivalries of all time. So what’s better, the boring old fixed-rate mortgage or the more provocative and often controversial adjustable-rate mortgage (ARM)? During the housing boom in the early 2000s, homeowners often chose [&hellip

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Source: Mortgage