if you plan on moving after a year what is the best option would be too

If your asking If it makes sense to refinance if you plan on moving within the next year, then my response would be "maybe".. without knowing more details it's hard to say.. in general, if you refinance, and your not adding any monies to your loan by rolling in closing costs, and your payment is actually lower because your paying a lower interest rate, then you should refinance.. Rates are low, and we all know that they are on the way up.. if something changes a year from now and your plans to move are abandoned, then by taking advantage of todays rates would pay off even more than expected.. but regardless, if there's a savings, true savings, then you should do it.. .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

We really need more info to truly help you with your question. As others have pointed out, it matters whether you are purchasing or refinancing, renting or buying, etc.

Are you refinancing or buying? If refinancing, I probably wouldn't do anything. All loans have closing costs, and generally speaking, a year isn't long enough time to cover the costs. When buying, same theory... Only if you buy on some fixer-upper and can turn a nice profit would I ever buy when planning on selling a year later. www.Minneapolis-Mortgage.net

Are you asking if you should buy or rent? or are you asking what type of loan product should you get? More information is needed to give you a better answer.

If the loan would be for a purchase, ask for the lowest closing cost option, including lender-paid mortgage insurance, if it is a conventional loan. Your over-all cost for the first 12 -15 months will be lower this way. This will be shown as a lower APR, or annual percentage rate.