Flexibility and up-front savings are the advantages of an ARM. These home loans require less of a down payment and give you the ability to lock in a lower rate for the first couple of years of your mortgage. Since interest rates may change after the initial fixed-rate period, you need to be willing to take a little risk in exchange for lower rates.

Looking to live it up in another locale? Let’s get the loan squared away, so you can get away from it all.