With a fixed-rate mortgage, the interest rate stays the same during the life of the loan. With an adjustable-rate mortgage (ARM), the interest changes periodically, typically in relation to an index. While the monthly payments that you make with a fixed-rate mortgage are relatively stable, payments on an ARM loan will likely change. There are advantages and disadvantages to each type of mortgage, and the best way to select a loan product is by talking to us.
Edgewater Residential Capital
What is the difference between a fixed-rate loan and an adjustable-rate loan?
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Serving homebuyers and homeowners throughout Lake Norman, Charlotte, North Carolina and South Carolina.
Mortgage Products
Loan options for different homes, goals and stages of life.
Explore popular financing programs or contact us for help comparing the options available to you.
01
Conventional
Flexible financing options for qualified homebuyers.
02Jumbo
Financing solutions for homes above conforming loan limits.
03Adjustable Rate
Explore ARM options with an initial fixed-rate period.
04VA Loans
Home financing benefits for eligible veterans and service members.
05FHA Loans
Government-backed financing with flexible qualification guidelines.
06USDA Loans
Eligible buyers may qualify for financing in rural and suburban areas.
07Refinancing
Review your current mortgage and explore whether new terms could better fit your goals.
07Reverse Mortgages in South Carolina
Your financial needs can change over time. Explore your current mortgage and see whether a South Carolina reverse mortgage could offer new options for accessing your home equity and supporting your long-term goals.