An adjustable rate mortgage (ARM)is always a wise financial decision for young consumers because their incomes will be adjusting as well.

Question

Quizplus · Accepted Answer

While an ARM may offer lower initial interest rates, the unpredictability of future rate adjustments can make budgeting difficult and lead to financial stress. Young consumers may not have established financial stability and it is better for them to opt for a fixed rate mortgage to avoid any potential financial surprises.

An Adjustable Rate Mortgage (ARM)is Always a Wise Financial Decision