The Pros and Cons of Fixed Rate and Adjustable Rate Mortgages?
Choosing between a fixed-rate and adjustable-rate mortgage is a big decision. In this episode, we break down how each one works, when it makes sense to go with a fixed option, and why some buyers might benefit from an adjustable rate. If you're unsure which loan type is right for you as a first-time buyer, this episode simplifies the decision. Start Your Home Buying Journey by requesting a consultation with us or more information: https://johnmcgleam.johngreenerealtor... We are John McGleam, a local Realtor® who specializes in helping first time home buyers in DuPage County and the surrounding Chicagoland suburbs confidently navigate the Illinois home buying process. John has years of experience doing this and has teamed up with Maureen Lein, a knowledgeable mortgage lender with Guaranteed Rate, to break down everything you need to know—from getting pre-approved to understanding your loan options and making sure that we have a smooth and enjoyable transaction all the way to your closing table! In each video, you’ll get clear, step-by-step advice on how to buy your first home in Illinois. Whether you're curious about how down payments work, what to expect during a home inspection, or how to qualify for first-time home buyer mortgage programs, we’ve got you covered. Service Areas We proudly assist buyers in: Naperville, Wheaton, Downers Grove, Glen Ellyn, Lisle, Lombard, Elmhurst, Villa Park, Westmont, Woodridge, Hinsdale, Bloomingdale, Darien, Clarendon Hills, Winfield, Carol Stream, Warrenville, Addison, Oak Brook, Bolingbrook, and surrounding western suburbs of Chicago. If you’re searching for a Realtor in DuPage County, or need trusted help buying your first home in the suburbs of Chicago, you’re in the right place. Meet Your Local Home Buying Experts: John McGleam – Realtor® with john greene Realtor 630-930-8881 [email protected] Maureen Lein – Mortgage Lender at Guaranteed Rate (630) 660-7760 [email protected] Apply or Download Maureen’s Mortgage App: https://rate.com/mobile-app/maureen-l... Start Your Home Buying Journey by requesting a consultation with us or more information: https://johnmcgleam.johngreenerealtor... Don’t Miss a Step in the Process We release new videos every other week to help you make smart decisions as a first-time buyer. Subscribe, like, and comment with your questions—we’re here to help! 0:00 - Intro 0:15 - Fixed and Arm Mortgages 0:58 - Pros and Cons of Fixed vs Arm Mortgages 1:58 - The Goals of the Client 2:30 - Conclusion
