5/1 Hybrid Adjustable-Rate Mortgage
An adjustable-rate mortgage (ARM) with a fixed interest rate for the first five years is a 5/1 hybrid ARM or a 5-year ARM. After that, the remainder of the term is flexible or changeable.
An adjustable-rate mortgage (ARM) with a fixed interest rate for the first five years is a 5/1 hybrid ARM or a 5-year ARM. After that, the remainder of the term is flexible or changeable.
Previous Term