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Why is an arm a bad idea?

Adjustable-rate mortgages aren't for everyone, and can be a very bad idea for some people. ... The advantage of an ARM is an apparently lower initial interest rate and smaller monthly payment, but there are a few scenarios where an ARM can be less than ideal.

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1	Can you borrow money for closing costs?
2	Can I ask the executor for a copy of the will?
3	Can you take out a mortgage on a house you own?
4	Who is entitled to see a copy of a will?
5	Is it better to get a home equity loan or line of credit?
6	Why is adjustable rate mortgage a bad idea?
7	What debts are forgiven at death?
8	Can a personal loan be used to buy a house?
9	Which is better arm or fixed mortgage?
10	Can you pay off a Heloc early?
11	Is it a good idea to take equity out of your house?