Adjustable Rate v. Fixed Rate

Carl is living in Lexington with his girlfriend until she finishes her med school program. What type of mortgage might be best for him?

• Fixed Rate

• Adjustable Rate

Why do you think that's the best option for Carl?

Tanya has worked out a budget that allows her to pay her mortgage and save for her three young children’s college funds. What type of mortgage might be best for her?

• Fixed Rate

• Adjustable Rate

Why do you think that's the best option for Tanya?

Kristie needs lower payments for a few years until she’s done paying off her student loans, and who thinks she could then afford far greater payments. What type of mortgage might be best for her?

• Fixed Rate

• Adjustable Rate

Why do you think that's the best option for Kristie?