Topical Terminology > 5 Year Adjustable (Arm)
5 year adjustable (ARM)
For 5 year adjustable (ARM) we have terms and definitions in 3 topics. The topics are Debt Consolidation, Home Equity and Refinance.
5 Year Adjustable (Arm) (Debt Consolidation) 
A loan with a fixed rate for the first 5 years that has a rate that changes once each year for the remaining life of the loan. Because the interest rate can change after the first 5 years, the monthly payment may also change.
See more Debt Consolidation Terms ...
5 Year Adjustable (Arm) (Home Equity)
A loan with a fixed rate for the first 5 years that has a rate that changes once each year for the remaining life of the loan. Because the interest rate can change after the first 5 years, the monthly payment may also change.
See more Home Equity Terms ...
5 Year Adjustable (Arm) (Refinance)
A loan with a fixed rate for the first 5 years that has a rate that changes once each year for the remaining life of the loan. Because the interest rate can change after the first 5 years, the monthly payment may also change.
See more Refinance Terms ...
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