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Glossary of Terms > H > Hybrid ARM

Hybrid ARM

Adjustable-rate mortgage on which the initial rate holds for a set period, during which it's fixed/constant; after which it becomes adjustable rate. Generally, the term is applied to ARMs with initial rate periods of three years or longer.

H Terms

Hazard Insurance

Home Equity

Home Equity Conversion Mortgage (HECM)

Home Equity Line of Credit

Home Equity Loan

Home Inspection

Homeowner's Insurance

Housing and Urban Development

Hybrid ARM