Can I choose a fixed-rate or adjustable-rate mortgage?

Freedom Mortgage offers a variety of mortgage options, including both fixed-rate and adjustable-rate mortgages. A fixed-rate mortgage features a constant interest rate throughout the life of the loan, which allows for predictable monthly payments. This option can be advantageous for borrowers who prefer stability in their financing. On the other hand, adjustable-rate mortgages typically start with a lower initial interest rate that may change at specified intervals based on market conditions. This can result in lower payments initially, but potential increases in the long term. The choice between a fixed-rate and adjustable-rate mortgage often depends on the borrower’s financial situation and future plans. To explore specific products and current offerings, it is advisable to check the latest information on the Freedom Mortgage website.