What’s A 5/25 ARM?
August 31st, 2008 By Peter G. Miller
An ARM is a loan product with payments and interest rates that adjust at certain intervals. A fixed-rate loan has one interest rate and a set monthly payment for the life of the loan.
A 5/25 ARM is a loan product with a fixed rate during its first five years, and then an adjustable rate for the 25 years of the remaining loan term.
© Copyright 