Is a fixed rate mortgage or an ARM the best product for me?

Fixed Rate mortgages are the best product if you plan on living in the home for the next fifteen to thirty years and want the same principal and interest payment.

ARMS are the best product to keep payments lower for the fixed term.  You can prepay at any time without penalty and shorten the term of your mortgage.  If you won't be living in this home more than 10 years you may want to consider an ARM.