My little forum on mortgage calculator
There are many adjustable rate mortgages that can be considered hybrid mortgages, in that they offer a fixed interest rates for a period of 1, 3, 5, or 7 years. But other type of ARMs can reset at much more frequent intervals. These types of hybrid adjustable rate mortgages may be better options for you if you only intend to stay in your home for a few years. Bear in mind however that payments for adjustable rate mortgages may rise along with the rest of your interest rates. Many ARMs however impose limits on how high interest rates can increase during an adjustment period.