What is a 15 1 ARM mortgage?

Updated date: Tuesday, July 8, 2025 - 19:43
What is a 15 1 ARM mortgage?

Mortgage Guide

A 15/15 ARM offers a unique opportunity to secure a lower interest rate than a 30-year fixed rate mortgage for a longer period of time than most other adjustable-rate mortgages. ... If you plan on selling your home within the next few years, a 5/1 or 7/1 ARM may make more sense.

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