Post Storm Operational Update: PenAir branch locations, Member Service Center, and Virtual Branch, have reopened. LIVE Tellers have reopened with a few still inoperable. Visit PenAir.org/updates for more information.
What is the difference between a Fixed Rate and an Adjustable Rate Mortgage?
The difference between a Fixed Rate and an Adjustable Rate Mortgage is the interest rates. For Fixed Rates, the rate is set and will not change. However, with an adjustable rate mortgage, the interest rate may go up or down.
