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What does ARM 3/1 stand for?

What does ARM 3/1 mean? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: ARM 3/1.

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ARM 3/1

Adjustable Rate Mortgage, 3 years overall, adjustable every 1 year

Business » Accounting

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"ARM 3/1." Abbreviations.com. STANDS4 LLC, 2017. Web. 20 Sep. 2017. <http://www.abbreviations.comserp.php?st=ARM+3%2F1>.