Business
5/1 ARM Explained: Pros and Cons of a 5/1 ARM Loan
Written by MasterClass
Last updated: Jun 8, 2021 • 4 min read
When borrowers take on a 5/1 adjustable-rate mortgage (5/1 ARM), they lock in a favorable interest rate for five years.
Written by MasterClass
Last updated: Jun 8, 2021 • 4 min read
When borrowers take on a 5/1 adjustable-rate mortgage (5/1 ARM), they lock in a favorable interest rate for five years.