The amount of time you plan to own a Jacksonville Florida property may have a strong impact on the type of loan you select. For example, if you anticipate staying in your home for ten years or longer, a traditional-fixed rate mortgage may be ideal for you. If you plan on owning your home for a period of five years or less, then a adjustable-rate mortgage or hybrid loan may suit  your needs best. This way, you can take advantage of the low introductory rates, which makes the most financial sense. Generally, adjustable-rate mortgages have the lowest initial interest rates, followed by hybrid loans, and then traditional fixed-rate mortgages which are higher.