A short-term mortgage (usually 6 months or 1 year) that can be converted to a longer fixed-rate term at any time without penalty. Useful when you expect rates to drop and want to lock in later, or whe
Strategy Call
Discuss your goals and financing needs
Get Pre-Approved
We match you with the right lender
Close Your Deal
Fast closings with expert support
A short-term mortgage (usually 6 months or 1 year) that can be converted to a longer fixed-rate term at any time without penalty. Useful when you expect rates to drop and want to lock in later, or when you need short-term flexibility before committing to a longer term.
← Mortgage & Real Estate Glossary 2026 · Editorial standards
Talk to a mortgage financing specialist for investors and get personalized guidance.
We use privacy-friendly analytics (no ad tracking). Calculator settings are saved on your device. See our Privacy Policy .