| Schedule A as home-mortgage interest. If the loan is for a rental property, then the interest would be deducted on Schedule E. What is the difference between a hybrid and a traditional ARM THE connecticut home mortgage rate loan product in today's marketplace. They are often packaged as the 5/1 ARM or the 2/28 ARM (most popular products). The loan is a "Hybrid" because a true ARM adjusts for the same periods for the life of the loan, ie. a 6 Month ARM is connecticut home mortgage rate for the first six months and adjusts every six months afterwards. The 2/28 "Hybrid ARM" is a 6 month ARM that the borrower has purchased a "Rate Lock" or introductory rate for the first 2 years (this is also done in 3,5,7 year fixed periods), and then connecticut home mortgage rate loan becomes a 6 month ARM thereafter, rather than connecticut home mortgage rate loan that does only adjust every 2 years. The benefits This loan product has actually lowered the costs of borrowing in the early years of loans, but certainly is a source of continuing refinance business to the Mortgage |
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