Posted on: 27th Sep, 2009 11:39 pm
What is an FHA Hybrid Adjustable Rate Loan
The FHA hybrid adjustable rate mortgage loan is one of the best adjustable rate mortgages .
Hybrid ARMs are mortgages that have a fixed interest rate for an initial period of time, after which the rate adjusts annually based on a certain spread over an agreed upon index rate.
Hybrid ARMs are mortgages that have a fixed interest rate for an initial period of time, after which the rate adjusts annually based on a certain spread over an agreed upon index rate.
hi steve,
welcome to the forum,
FHA Adjustable Rate Mortgage Loans are loans in which the interest rate will possibly change at some future date. The FHA Adjustable Rate (ARM) program has the standard 1 Year Arm and also the popular Hybrid Adjustable Rate Programs.
welcome to the forum,
FHA Adjustable Rate Mortgage Loans are loans in which the interest rate will possibly change at some future date. The FHA Adjustable Rate (ARM) program has the standard 1 Year Arm and also the popular Hybrid Adjustable Rate Programs.