A type of Adjustable Rate Mortgage where the interest rate changes periodically. The rate is fixed for five years, after which it will adjust every year.
5/1 Adjustable Rate Mortgage« Back to Mortgage TermsA type of Adjustable Rate Mortgage where the interest rate changes periodically. The rate is fixed for five years, after which it will adjust every year.
5/1 Adjustable Rate Mortgage« Back to Mortgage TermsCookie | Duration | Description |
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