Graduated Mortgage

When selecting a mortgage, one of the most critical decisions is choosing the right amortization schedule. This choice significantly impacts your monthly payments and the total interest you’ll pay over the life of the loan. Here, we’ll compare three common amortization options: fixed, graduated, and interest-only. Fixed Amortization A fixed amortization mortgage offers predictable monthly payments that remain constant throughout the loan term. This stability makes budgeting easier and provides peace of mind, knowing your payment won’t increase unexpectedly. Fixed amortization is ideal for those who plan to stay in their home long-term and prefer a straightforward, predictable payment schedule.…