Mortgage Terms: It performs like a fixed and adjustable rate loan. It has a fixed rate for an initial period before turning into an Adjustable Rate Mortgage (ARM).

These initial periods are offered in 3, 5, 7, and 10 year terms.

Question

It performs like a fixed and adjustable rate loan. It has a fixed rate for an initial period before turning into an Adjustable Rate Mortgage (ARM).

These initial periods are offered in 3, 5, 7, and 10 year terms.

Memorable Ladybug · Accepted Answer

Hybrid Loan

It performs like a fixed and adjustable rate loan. It has a fixed rate for an initial period before turning into an Adjustable Rate Mortgage (ARM). These initial periods are offered in 3, 5, 7, and 10 year terms.