Do conventional loans also have adjustable rate mortgages?
Yes. Better Mortgage offers adjustable-rate conventional mortgage loans in 5yr/6m, 7yr/6m, and 10yr/6m terms. If you’re looking to buy a home but plan on selling or refinancing within the introductory fixed-rate period, you may find that an adjustable-rate mortgage is a great way to save on interest payments. Keep in mind that once an adjustable-rate mortgage’s initial period is over, the interest rate adjusts and may go up (or down).
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