5 Yr Arm

Five years arm

A 5-1 Hybrid Floating Rate Mortgage (5-1 Hybrid ARM) is a Floating Rate Mortgage (ARM) with an initial five-year fixed rate followed by an interest rate that adjusts on an annual basis. 5" refers to the number of years with a fixed interest rate, while "1" refers to how often the interest rate is adjusted thereafter. Their interest rate is fixed at 5 years and is then adjusted to 25 years. ARM 5/1, fixed at 60 months, is adjusted annually by the remaining term of the loan. For example, a 5/1 ARM would have the same interest rate for five years after closing, and then the interest rate would be adjusted every year thereafter.

ARM 5/1

The Infinity Federal Credit Union (FCU) Adjustable Rates Mortgages (ARMs) start at a low, floating interest level and then move up or down after the original floating time. ARM can also be a good option if you anticipate in the coming years that your incomes will rise or are planning to move or fund when the exchange rates change.

There are two figures in ARMs: the first relates to the number of years in which the interest rates remain firm at the time of closure; the second is the number of years between interest changes at the end of the original firm maturity. The 5/1 ARM has the same interest for five years after completion, and then the interest would be adjusted every year thereafter.

Please click here to see our price list. APR = Annual percentage. Prices are valid from 1.9.2018 and are changeable without prior notification. The variable interest period can vary once after the fifth year of the credit period and is calculated on the 12-month US Libor Index with a spread of 2.75%.

The Infinity Federal Credit Union (FCU) adjustable interest mortgages (ARMs) start at a low, floating interest point and then move up or down after the original floating time. ARM can also be a good option if you anticipate in the coming years that your incomes will rise or are planning to move or fund when the exchange rates change.

There are two figures in ARMs: the first relates to the number of years in which the interest rates remain firm at the time of closure; the second is the number of years between interest changes at the end of the original firm maturity. The 5/1 ARM has the same interest for five years after completion, and then the interest would be adjusted every year thereafter.

Please click here to see our price list. APR = Annual percentage. Prices are valid from 1.9.2018 and are changeable without prior notification. The variable interest period can vary once after the fifth year of the credit period and is calculated on the 12-month US Libor Index with a spread of 2.75%.

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