Adjustable-Rate Mortgages vs. Fixed-Rate Mortgages

With industry experts predicting that mortgage rates will rise in 2014, it is important to assess whether a fixed-rate mortgage or an adjustable-rate mortgage is the solution to your home financing needs. A basic rule of thumb is that if you are planning to stay in your home for a short period of time, an adjustable-rate mortgage is probably the best solution. Conversely, if you are going to stay in your home for an indefinite period of time, a fixed-rate mortgage may be the correct choice. 

http://www.newenglandtitleandescrow.com/adjustable-rate-mortgages-vs-fixed-rate-mortgages-an-interview-with-senior-loan-officer-jason-evans-from-mortgage-master/ 

In the above video, I sit down with Jason Evans, Senior Loan Officer at Mortgage Master, to discuss the differences between the two mortgage types, what the numbers stand for, and a prediction on what will happen with the rates in 2014.