There are two major types of interest rates that can be linked to your Rochester, New York mortgage. Adjustable rate mortgages allow the interest rate to fluctuate during the life of the home loan. Fixed rate mortgages, on the other hand, maintain the same interest rate for the entire life of the Rochester, New York loan. Both fixed and adjustable rate mortgages have their strengths and weaknesses. In today’s unstable economy, adjustable rate mortgages can be risky for the Rochester, New York home owner because the rate can increase with little notice. On the other hand, this type of Rochester, New York mortgage may allow you to purchase a more expensive home in Rochester, New York. To find out more about the differences between adjustable and fixed rate Rochester, New York mortgages contact your home loan representative at All Service Rochester, New York Mortgage.