If you are currently looking to purchase a "starter" or "beginner" home with the idea of moving up in a couple of years, your ideal loan would be a 5yr ARM or an interest only loan.
These 2 options will keep your rate and payment lower than a fixed mortgage, thus saving you more money monthly for your future home. In the first 3-5 years the amount of overall principal that you have paid off will be far less then the monthly savings of a 5yr ARM or that of an interest only loan.
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-the Mortgage Guru
