You are considering a 3/5 arm. what does the 5 represent? . a. the number of years between adjustments in the interest rate. b. the interest rate of the initial fixed-rate loan period. c. the total number of years in the loan. d. the number of years that a fixed interest rate will be applied to the loan.

You are considering a 3/5 ARM. The 5 represent the (B) the interest rate of the initial fixed-rate loan period. A Variable-Rate Mortgage (ARM) or tracker mortgage is a mortgage loan with the interest rate on the note periodically adjusted. 3" is the initial interest rate period and 5" is initial rate adjustment period .

The 5 represents the interest rate of the initial fixed-rate loan period. The correct option among all the options that are given in the question is the second option or option "B". 5 is basically the initial rate adjustment period. I hope the answer has come to your help.

As a costumer i would say c.hope it !