Type of adjustable rate mortgage (ARM) with a 2-year fixed interest rate time frame. After the two years have passed, the interest rate on the mortgage will move up or down based on an index plus a margin known as the fully indexed interest rate. These are best used for short term financing needs.

Related information about 2/28 adjustable-rate mortgage:

1. 2/28 Adjustable-Rate Mortgage (2/28 ARM) Definition | Investopedia
   A type of adjustable-rate mortgage that has a two-year fixed interest rate period after which the interest rate on the mortgage begins to float based on an index ...
    
2. Adjustable-Rate Mortgage (ARM) Definition | Investopedia
   2/28 Adjustable-Rate Mortgage - 2/28 ARM. A type of ... Interest Rate Ceiling. The maximum ... Articles Of Interest. ARMed And Dangerous. In a climate of rising ...
    
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4. Question 2/28 Mortgage
   Question: I am planning on buying a house and I have not so good credit. I was offered a 2 28 ARM and I'd like some information on this type of loan. S. B. ...
    
5. 2/28 Adjustable Rate Mortgage | Mortgage Reference Library
   2/28 Adjustable Rate Mortgage. A 2/28 arm is a mortgage that has a fixed rate for the first two years, and then the interest rate adjusts for the next 28 years.
    
6. What is 2/28 adjustable-rate mortgage? definition and meaning
   Definition of 2/28 adjustable-rate mortgage: Type of adjustable rate mortgage ( ARM) with a 2-year fixed interest rate time frame. After the two years have passed , ...
    
7. Mortgage Calculator - 2 /28 Adjustable Rate Mortgage Calculator
   2 / 28 adjustable rate mortgage calculator - Mortgage calculator calculates the monthly mortgage payments (including interest only loans) after each adjustable ...
    
8. Adjustable Rate Mortgages | Mortgage Loan
   3/27 Adjustable Rate Mortgage. This program is like the 2/28 Adjustable Rate Mortgage, except that the initial fixed period is 3 years instead of 2 years.