The key for the majority of borrowers when deciding between a fixed and variable rate mortgage factor is the amount of time you expect to stay at home.

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You can refinance existing loans VA home loan with a lower rate using a VA IRRRL (Interest Rate Reduction Refinancing Loan).
Homeowners who refinance with long term fixed rates pay between 1.00-2.00% higher than those who refinance with an ARM.

3) A lot of money can be released that can be used on necessary expenses.

In different circumstances refinance mortgage rates in force may also become significantly lower than when you bought your home.

The premium for the higher load it used by the lender to cover the costs of closing.