Which mortgage type is best for me?Single, first Time homebuyer, Credit score 780, zero dept, annual income 100KI have stockpiled 325K in cashI am looking to buy a 300K townhouse in central NJTwo questions:Should I put down as much as possible? I was thinking only about 30-35% at most.What type of mortgage should I get? I was thinking a 7/1 ARM with no prepayment penalty. No clue if I will be staying in the place for more then 7 years. If I am still there after 7 years I figure can may most if not the entire remaining mortgage balance or refinance. I also would probably be making at least a couple extra payments years 3-7 of the mortgageMarch 31 2012 - US0YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.