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Updated about 6 years ago, 12/05/2018

Horacio Gutierrez's profile image
Horacio Gutierrez's profile image
Horacio Gutierrez
  • Rental Property Investor
  • from Downey, CA
  • Member since Nov 26, 2017
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347
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25
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Horacio Gutierrez's profile image
Horacio Gutierrez's profile image
Horacio Gutierrez
  • Rental Property Investor
  • from Downey, CA
  • Member since Nov 26, 2017
Connect
Horacio Gutierrez
  • Rental Property Investor
  • Downey, CA
25
Votes |
347
Posts
Private Lending & Conventional Mortgage Advice

How does a ARM 5/1 loan work

Horacio Gutierrez
  • Rental Property Investor
  • Downey, CA
Posted
In a 5/1 ARM loan can the bank agree to a higher fixed interest rate for a 30 years mortgage when the 5/1 ARM loan is setup or do you have to wait after 5th year and then you will need to refinance into 30 year fixed loan or sell the home?
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