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Mortgage Glossary

Below is an A-Z glossary of general terms used within the mortgage industry. Click on any term to view a detailed explanation. Use the alphabet below to navigate quickly to a term beginning with:

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Hybrid ARM

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This is the term used for mortgages that mix ARM with fixed rate. Commonly, these types of mortgages have a fixed period of around 2 – 3 years with the mortgage then becoming subject to the standard ARM fluctuations.

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