What’s the best mortgage for me?

Question

What’s the best mortgage for me?

Answer 1

Your question is like asking "what is the best tool for the job".  Depends exactly what you are trying to do, doesn't it?  Same with a mortgage:  Depends upon your specific circumstances, etc.  In other words your question can't be answered with the information you have provided.

Answer 2

Fixed rate.

Answer 3

The best mortgage for anybody is a fixed rate mortgage.  A mortgage payment should never be more than 1/4 (mortgage only) -1/3 (mortgage, taxes, insurance) of your monthly take home pay.

Answer 4

Get a fixed  rate mortgage open end which means you can pay down the mortgage without being penalized.

Answer 5

stay away from interest only, but depends on many factors