KevnVitali
With mortgage rates of 6% this year, many homebuyers are looking to save money on their monthly mortgage payment. 
The reality is the average length of time a homeowner holds a mortgage is less than 10 years. Often a homeowner will refinance into a more favorable rate if interest rates dip or they move. In 22 years of doing business, very few of my clients hold their mortgage for 7 years.
So why pay more interest in locking in a 30-year fixed. Consider locking in an adjustable-rate mortgage like the 7/1 ARM.
The 7/1 ARM has a fixed interest rate for 7 years and adjusts yearly after the initial fixed-rate period. Because the bank is only locked into a 7-year fixed period they pass along the savings by offering a lower interest rate.
A 7/1 ARM can save you on your monthly mortgage payment.
