Get A LoanHome PurchaseHome RefinanceCalculatorsMortgage HelpContact Direct Now

Mortgage Questions - Adjustable or Fixed Rate

Apply Now!

Should I choose an Adjustable Rate Mortgage (ARM) or a Fixed Rate Mortgage?

If rates are low and you plan to stay in your home for more than a few years, you should probably go with a fixed rate home loan.  However, if you expect to move soon or need to have lower payments now but anticipate being able to pay higher payments later (for example, you anticipate a pay increase), then you might prefer an ARM.

Fixed Rate Advantage:
•  Monthly payment remains the same over the life of the loan, regardless of what happens to interest rates.

ARM Advantage:
•  Potential to obtain higher mortgage
•  Possible lower initial payments and interest rate

Ready to start your online mortgage application?
Return to Mortgage Questions


Get a Loan   |   home purchase    |   home refinance    |   Mortgage Tools   |   Mortgage Help    |   contact direct

Direct Mortgage, Corp. (NMLS ID 9612) is licensed or operating with a license exemption under the following names: AL, ID, NV, OR, WA: "Direct Mortgage Corp"; AZ, HI, LA, MI, MS, OK, SC, TN, VA: "Direct Mortgage, Corp."; AR, IN, MT, NC: "Direct Mortgage, Corp"; CA: "Direct Mortgage Wholesale Corp."; CO: "Direct Mortgage Corp dba Direct Mortgage Wholesale Corp"; FL: "Direct Mortgage Wholesale Corporation"; GA, NM, WY: "Direct Mortgage Corp."; IL: "Direct Mortgage Wholesale Corp"; OH: "Direct Mortgage Wholesale Corp (Direct Mortgage Corp.)"; TX: 1st Mortgages: "Direct Mortgage, Corp. dba Direct Loans Corp", 2nd Mortgages: "Direct Mortgage Corp dba Direct Loans Corp"; UT: "Direct Mortgage Corporation". Click for more licensing info.
You can view our NMLS consumer access page at

About Us / Terms of Use / Privacy Policy / Licensing Info /
Copyright © 2008-Present, Direct Mortgage, Corp. All Rights Reserved.