Adjustableratemortgageloan PowerPoint PPT Presentations

3/1 year adjustable rate mortgage: The interest rate remains fixed for the initial 3 years and starts adjusting yearly after the completion of 3 years. 5/1 year adjustable rate mortgage: The interest rate remains fixed for the initial 5 years and starts adjusting yearly after the completion of 5 years. 7/1 year adjustable rate mortgage: The interest rate remains fixed for the initial 7 years and starts adjusting yearly after the completion of 7 years.

If you have taken a hybrid adjustable rate loan, your monthly payments for the initial years are calculated using the standard mortgage payment calculators, assuming that your initial interest rate remains fixed for the entire duration of the loan. http://www.awmlending.com/loans-adjustable.php