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Are mortgage ARMs a good idea?

Lower rates help you build equity faster. The obvious advantage of an adjustable-rate mortgage is that they carry lower interest rates during the fixed period of the loan. ... The smart thing to do might be to take out a 5/1 ARM but make monthly payments as if it were a 30-year fixed mortgage.

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1	Is it smart to pay off mortgage?
2	Can you take out a mortgage on a house you own?
3	What credit score do you need for Heloc?
4	What is the difference between a bank and a mortgage broker?
5	What happens to a bank account when someone dies?
6	Is it better to refi or home equity loan?
7	Can you sell a house without the deeds?
8	Who has the title deeds to my property?
9	Do bank accounts freeze when someone dies?
10	How do you find out if deceased had a will?
11	How does paying off your mortgage affect your taxes?