Mortgage Glossary
Hybrid ARM
Defined by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
A hybrid ARM is an adjustable-rate mortgage that combines an initial fixed-rate period with later adjustable periods.
What Hybrid ARM means
The most common loans, like 5/6 and 7/6 ARMs, are hybrids. They blend the early stability of a fixed rate with the lower starting rate of an adjustable loan.
Florida example
A Florida buyer chooses a 7/6 hybrid ARM, locking a fixed rate for seven years before semiannual adjustments begin. It fits a plan to sell or refinance before the fixed period ends.
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