Glossary of Terms

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

7/23 and 5/25 Mortgages

Mortgages with a one time rate adjustment after seven years and five years respectively.

3/1, 5/1, 7/1 and 10/1 ARMs

Adjustable-rate mortgages in which rate is fixed for three-year, five-year, seven-year and 10-year periods, respectively, but may adjust annually after that.





Have a mortgage or refinance question? Ask us!Have a mortgage or refinance question? Ask us!