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This is a difficult question to answer in a paragraph. Assuming that you are talking about an interest only loan. The benefit is that it gives you much more control of your monthly housing expense. An ARM will change periodically depending on the type of loan however LIBOR loans are based on an index that is very slow to change. If you would like to email me I can offer a more accurate pro/con description for you.
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What are the pros and cons for being a architect?
what are the pros and cons of being an architect
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Pros basically means 'for, positive, good.' Cons basically means 'against, negative, bad.'
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The pros and cons of the mercantilism and physiocrats?
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What are the Pros and cons of mergers and strategic alliances?
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