5-6 Hybrid Adjustable-Rate Mortgage (5-6 Hybrid ARM)
Table of Contents
The 5-6 Hybrid Adjustable-Rate Mortgage (ARM) begins with a fixed interest rate for the first five years, then adjusts every six months thereafter. This mortgage offers initial stability with the potential for rate changes, making it suitable for borrowers who plan for short-term ownership or anticipate a future income increase to offset potential rate hikes.
Table of Contents