Hybrid adjustable rate mortgage

{
  "id": "MLC-T-LAW-002484",
  "term": "Hybrid adjustable rate mortgage",
  "field": "Law",
  "definition": "A type of home loan that combines features of both fixed-rate and adjustable-rate mortgages. It typically offers a fixed interest rate for an initial period, such as three, five, or seven years, after which the rate adjusts periodically based on a specified index. This structure provides borrowers with initial payment stability before transitioning to variable rates.",
  "url": "https://mlchart.com/terminology/law/hybrid-adjustable-rate-mortgage/"
}