
[ 10/1 ARM ] [ 7/1 ARM ] [ 5/1 ARM ] [ 3/1 ARM ]
A 5/1 Adjustable Rate Mortgage means the initial rate remains fixed for the first five years of repayment, and then adjusts every year thereafter. Remember that your rate and monthly payments may go up after only five years, so this choice is best if you’re expecting to sell or refinance the property within that period.
[ Fixed Rate Mortgages ]
|