When you are given the chance to select what kind of mortgage loan you would like to acquire, how do you make that choice? Is it simply a matter of finding the loan with the lowest interest rate? Or is it more than that? If you are given a choice between a fixed rate mortgage loan and an adjustable rate mortgage loan, which one should you choose? While there may never be a black and white answer to this problem, here are some facts you need to know about an adjustable rate mortgage loan. [Read more…]