What is a 5/25 Mortgage? - Definition

What is a 5/25 Mortgage? - Definition
A 5/25 Mortgage is an Adjustable Rate mortgage in which, for the first five years the payment (rate) is fixed. After the five years is over, there is one time adjustment to a previously

established rate. This is typically a bank product, and is not to be confused with a 2/28, or 3/27.