There are different types of mortgages. Fixed, Variable, Cashback, High Ratio, Open, Closed, Adjustable Rate, are just a few. This can make the choice of picking the right mortgage challenging especially for first time buyers.
Rate Hub offers great educational insights on different mortgage types and how to chose the best one for you based on your current circumstance and risk level. Visit their website to get information to help you make the right mortgage decision.
While on the Rate Hub website, you can also get information on the pros and cons of a Cashback Mortgage.