5/1 Arm Mortgage Definition
Contents Adjustable rate mortgage (arm 5/1 adjustable rate mortgage Adjustable rate mortgage calculator; learn 15 year fixed.put simply Real estate news Definition. A 5 year ARM, also known as a 5/1 ARM, is a hybrid mortgage. A hybrid mortgage combines features from an adjustable rate mortgage (arm) and a fixed mortgage. It begins with a fixed rate for a specified number of years, but then changes to an ARM with the rate changing every year for the rest of the term of the loan. 5-1 Arm – BRM Mortgages –…
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