4 ms·
I think the technical term for this is a 5/5 ARM which is NOT a "fixed" rate loan. Most of the world borrows with ARMs.
by orangepurple 4y ago
I think the technical term for this is a 5/5 ARM which is NOT a "fixed" rate loan. Most of the world borrows with ARMs.
- kgwgk 4y ago(in some countries) the technical term is “fixed-rate (as opposed to variable-rate) mortgage” - but the mortgage term can be much lower than the amortization period.