Choosing the Best Mortgage suited for you is very much based on your financial situation and the amount of risk you wish to take, only if you properly analyse your financial situation and consider obstacles that could occur later on in the term of your mortgage can you really find the best mortgage. Things to consider when searching for a mortgage are the maximum amount that you can afford to pay off each month, the amount you would prefer to pay off each month, taking into account expenses and money for indulgences, and how steady your income is.
If you have a steady income and can afford to pay off a fair amount each week towards your mortgage, and you don't mind taking a small risk that the mortgage rate might rise then you are best off with a flexible mortgage using a variable interest rate so that you always get the lowest rate and also can pay in extra when possible to decrease the term of your mortgage. If on the other hand you have only a small amount of income you are willing to put towards and interest rate and cannot afford to shoulder an occasional rise in interest rates then the best idea is to go for a fixed rate mortgage with a flexible option of putting in a little extra occasionally to shorten the term of the mortgage and the amount of interest you will pay. A fixed rate mortgage also means that there is a set amount that you must pay off each month and this amount will never be higher, and will slowly decrease every month, from when you first got your mortgage.