Is adjustable mortgage rate for you?
If you like taking calculated risks, you should consider adjustable mortgage rate. Adjustable mortgage rate basically implies that the interest rate will be adjusted according to market fluctuations. Most people are afraid of taking this type of mortgage because they consider it too risky but many people have saved a lot of money by opting for adjustable mortgage rate as well.
Since the interest rate changes with market fluctuation, you may also have to pay lower interest rates. People who choose fixed mortgage rate often end up paying more than the market interest rate. If you think that you can predict the tides of the market, you should be able to predict if the interest rates are going to come down or go up. If you think interest rates are going to come down, you should consider adjustable mortgage rate.