Tag: hybrid ARM
What is a hybrid ARM?
The most common ARM products we originate are hybrid ARMs. With a hybrid ARM the interest rate is fixed for an initial period of time before it reaches an adjustable rate period. 3/1, 5/1, 7/1, & 10/1 ARM’s- The most common hybrid ARM’s are the 3/1, 5/1, 7/1, and 10/1 ARM’s. With these loan products [...]
Posted: June 6th, 2008 under ARM's, For Professionals, General Mortgage Info., Mortgage Programs.
Tags: ARM, fixed period arm, hybrid ARM
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