5/1 ARM : definition

Our Real Estate glossary has definitions to 54
Real Estate terms or mortgage terms.

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•  1/1 ARM
•  3/1 ARM
5/1 ARM :
An Adjustable Rate Mortgage where the interest can be adjusted for the current market conditions after 5 years.
Pronounced as "five one arm".
•  30 Year Fixed
•  7/1 ARM
•  50 Year Fixed
•  15 Year Fixed
•  80/20 Eighty / Twenty
•  70/30 Seventy / Thirty

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