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Make sure you understand your interest rate!

Take advantage of low interest rates but be sure to read the fine print.

Couple-Piggy-Bank-interest-rate

Interest rates have been rising the last year. Lenders offer multiple options on interest rates and loan length. Often the lower rates are adjustable interest rates, but they do carry some additional risk.

 

Complete the form on the left and download our guide that shows how much an adjustable interest rate can change your monthly payment when it increases.

 

In this guide the Smith's learn the hard way:

  • the difference between a fixed and adjustable interest rate.
  • how an interest rate increase of 3% impacts their monthly payment.
  • how much more interest they will pay over the life of the loan at the higher rate.