Mortgages Analyzed
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Mortgages Analyzed
 
Hybrid ARM

What is Hybrid ARM?

Definition
Hybrid ARM, which stands for Hybrid Adjustable Rate Mortgage, is a mortgage loan that has interest rate fixed for an initial term followed by adjustable interest rate for the remainder of the life of the loan.
What It Means
Lenders may offer loans with an initial term as short as 6 months to as long as 10 years. Due to their similarities to an ARM, many lenders do not differentiate between ARM and Hybrid ARM.
Other Names
Fixed Period ARM
Category
Product

Related Terms

  • Adjustable Rate Mortgage: A mortgage loan in which the interest rate adjusts periodically based upon the movements of a pre-determined index or reference rate.... Read More
  • Fixed Rate Mortgage: A mortgage loan in which the interest rate remains fixed throughout the life of the loan.... Read More
  • Home Equity Line of Credit: Home Equity Line of Credit is an open-ended adjustable rate mortgage loan that is secured by real estate and is subject to a maximum draw amount (faci... Read More
  • Home Equity Loan: Home Equity Loan is a fixed interest rate mortgage loan that is secured by the borrower's equity in the property.... Read More
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