Hector and maria gonzales hector a maria have been married for almost one year now and are thinking about buying a house. maria is an executive for a large, multiminusnational corporation with offices around the world. she has been told by her company that she will be transferred to a new location every three years. hector is a car salesman and he is willing to move to wherever maria gets transferred. together they make $8,000 in gross monthly income and pay 40% in taxes and withholdings every month. between them they have monthly payment of $400 in student loans and $700 in car loans, and their credit cards payments average $450 per month. they currently lease a luxury condo for $1,400 per month. they travel to cancun every christmas. since they both work a lot of hours, they eat out at restaurants for most meals. they currently have nothing in savings but hector's grandparents have said they will give them a 20% down payment for the new home. they saw in the newspaper that they can get a fixed rate mortgage for 6.65% or a twominusyear arm with an initial rate of 5.50%. which is true about their mortgage choices?