5/1 ARM vs. 10/1 ARM: Which is Right for You?
When deciding between a 5/1 adjustable rate mortgage (ARM) and a 10/1 ARM, the distinction between the two is the initial fixed interest rate period.
- Jul. 2, 2019
- Home Loans
Taylir is an experienced Marketing Coordinator with over 3 years in the mortgage industry and a degree in Communications Public Relations. She helps coordinate and oversees a variety of marketing activities and she enjoys writing mortgage-related content for New American Funding.
When deciding between a 5/1 adjustable rate mortgage (ARM) and a 10/1 ARM, the distinction between the two is the initial fixed interest rate period.
Looking to buy or sell a home to a family member? A gift of equity can be very beneficial if you take all the right steps beforehand. Call us today!
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