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What Is 5/1 Arm Loan

Generally, the initial rate of a 5/1 ARM is lower than that of a 30-year fixed-rate mortgage, and is sometimes referred to as a "teaser" rate. After the initial five-year period, your interest rate.

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5/1 Hybrid ARMs offer an introductory fixed rate for five years, after which. while this number varies, the margin is fixed for the life of the loan.