The first number indicates how long your initial fixed period will last and the second number indicates how often the rate will change after the initial fixed period.
Example: With a 5/6 ARM the initial rate is fixed the first 5 years, the rate then can adjust up or down every 6 months.
Get pre-qualified. In minutes and won’t affect your credit score†.
†To check the rates and terms you may qualify for, SoFi conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.