A Hybrid ARM is a loan that is fixed for an initial period of time, and then converts to an adjustable rate mortgage.
One of the most common is a 5/1 Hybrid adjustable rate mortgage which is fixed for the first 5 years and then converts to 1-year adjustable rate mortgage for the remaining 25 years. Also Available are 7/1 and 10/1 Hybrid ARM’s.
Home Renovation projects can be financed and provide a great return on your investment. Not only you could be adding equity to your home but you will have many options to remodel your home. Whether it is hybrid arm loan, home equity loan, cash outs or personal loans. Check the appropriate home remodel loans for your situation and let Kukun match you with the right loan and right lender.