<prompt> Human: Below is an overview of the plan. Im going to speak to a loan officer in a week or so about this one while getting a pre-qualifier, but I think its interesting as the rate is low enough to where more money can be dedicated to the principal. Mortgage Type:FIRST HOME - 100 - 20 YR 1010 ARM Advantages:100 FINANCING!20 YEAR TERM.INTEREST RATE ADJUSTS ONLY ONCE EVERY 10 YEARS!YOU BUILD WEALTH AND EQUITY FASTER THAN A 30 YEAR LOAN.YOU ONLY HAVE TO CONTRIBUTE A MINIMUM OF 3 TO THE DEAL.LOW INITIAL INTEREST RATE WITH A LOW PRINCIPAL AND INTEREST PAYMENT THAT STAYS IN EFFECT FOR 10 YEARS.3 GIFT OK WITH MINIMUM CREDIT SCORE OF 720 AND 41 MAXIMUM DEBT RATIO.SELLERBUILDER MAXIMUM CONTRIBUTION OF 3 ALLOWED. Best Choice If:You are a first time homebuyer.You need 100 financing.You want to build wealth and equity quicker than a 30 year loan.You want a better interest rate than a 30 or 20 year fixed rate loan. Disadvantages:This is not a fixed rate loan.A minimum representative credit score of 680 is required.Non traditional credit is not allowed.No down paymentclosing cost assistance programs allowed. ARM Features:Interest rate fixed for the first 10 years then adjusts every 10 years thereafter with a 6 interest rate adjustment cap and a 6 life of loan interest rate cap. 10 Year T-Bill index plus a margin of 1.0.  <response>: Whats the interest rate, is there PMI, and are there penalties for early repayment? 