Should You Get A Fixed Rate in 2024 | What the Banks Don't Want You to Know...

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🏡 Should You Get A Fixed Rate in 2024? What the Banks Don't Want You to Know... 🏡
Thinking about locking in a fixed-rate mortgage this year? In this video, we dive deep into the pros and cons of fixed-rate mortgages in 2024 and uncover some crucial insights that banks might not be telling you. With interest rates fluctuating and market conditions evolving, making an informed decision on your mortgage type is more important than ever.
📌 In this video, you'll learn:
The current landscape of fixed-rate mortgages.
Why banks might push for fixed rates.
The benefits of choosing a fixed-rate mortgage.
Potential downsides you need to consider.
How to decide if a fixed rate is right for you.
Whether you're a first-time homebuyer or looking to refinance, understanding the nuances of mortgage rates can save you money and stress in the long run.
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Пікірлер: 4

@stephenn88 13 күн бұрын

Go fix

@riyadhmehboob2 21 сағат бұрын

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@JB-lp9xr 8 күн бұрын

Should you get a fixed rate mortgage? Yes. Every damn time. If rates are high, wait. Never ever ever get an ARM, lenders that push ARMs are no better than loansharks.

@thatguythatdoesmortgages 8 күн бұрын

I’d have to strongly disagree with your take. There is a product for everyone and there are many features within the ARM that are more beneficial than a fixed rate. It all comes down to risk tolerance and flexibility of income. There is a reason why data over the last 30 years shows that the variable rate beats out fixed rate. If your income is lower and your budget is maxed, fixed might be best. If your income is higher and you can afford an increased payment if it comes to it ARM can be a much better option in most cases.