ARM 3/1 Full Form - What is Full Form of ARM 3/1?

ARM 3/1 is full form Adjustable Rate Mortgage, 3 years overall, adjustable every 1 year

What is Adjustable Rate Mortgage, 3 years overall, adjustable every 1 year?

A 3/1 adjustable-rate mortgage (ARM) is a 30-year mortgage product that carries a fixed interest rate for the first three years and a variable interest rate for the remaining 27 years. After the initial three-year fixed period, the interest rate resets every year.