Mortgage Terms

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  • 1 Types
August 18, 2024 6 min read Dictionary
2/28 Adjustable-Rate Mortgage (ARM)
Mortgages Home Financing ARM Mortgage Terms Real Estate Interest Rates Homeownership
A 2/28 ARM offers a fixed interest rate for two years, then adjusts semiannually for 28 years, leading to potential interest rate hikes.
Read more about 2/28 Adjustable-Rate Mortgage (ARM).
August 18, 2024 5 min read Dictionary
Non-Conforming Mortgage
Mortgages Home Financing Non-Conforming Conforming Jumbo Mortgages Home Loans Mortgage Terms
A non-conforming mortgage does not meet GSE guidelines, inhibiting its sale to Fannie Mae or Freddie Mac.
Read more about Non-Conforming Mortgage.

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