A fixed-rate mortgage is harder to budget for than an adjustable rate mortgage.

Name: A fixed-rate mortgage is harder to budget for than an adjustable rate mortgage.
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A fixed-rate mortgage has a set interest rate that remains the same throughout the life of the loan, making it easier to budget for as the payment remains constant. An adjustable rate mortgage, on the other hand, has an interest rate that can fluctuate, making it more difficult to budget for as payments can vary.

A Fixed-Rate Mortgage Is Harder to Budget for Than an Adjustable