if you can, look into somehting that is interest only.
you will get lower rates to start with and lower monthly payments.
make sure there are no prepayment penalties so you can pay towards the principal at anytime.
the good thing about these loans is the fact that you get lower payments at first to help get you into the house and settled. bad side is the rate is usually variable.
then after 6 months look to refinance, even if you dont have any extra equity in the house this will allow you to lock in at a decent rate with only a slight increase in payments.
