What Is a 5/1 Adjustable Rate Mortgage (ARM)?

Benzinga

The post What Is a 5/1 Adjustable Rate Mortgage (ARM)? by Ashley Hart appeared first on Benzinga. Visit Benzinga to get more great content like this.

When shopping for a mortgage, there are several options to consider. The biggest consideration is whether you want a fixed-rate or variable-rate loan, otherwise known as an adjustable-rate loan. A 5/1 ARM offers some of the benefits of both types of interest rates. To pick the right option, you must understand exactly how a 5/1 … Continued

The post What Is a 5/1 Adjustable Rate Mortgage (ARM)? by Ashley Hart appeared first on Benzinga. Visit Benzinga to get more great content like this.

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