It is important that you find the correct mortgage; you cannot just take the first one you come across. You might not feel like shopping around through all the different mortgages, but it is something you have to do if you wish to benefit from it. Go places and contact lenders about mortgages, they will be able to tell you everything you need to know about the different kinds of mortgages.
Credit unions will also be able to assist you with information you need, so will mortgage brokers; everything you need to know is right there. Even if you just pick up the phone and chat to them about it, you can arrange to meet when they are available.
You will have to make a decision between balloon or reset mortgage and a fixed rate or adjustable rate mortgage. You will also have to choose the type of loan terms you want. Of course the cheaper the better but you may want to avoid mortgages if they are too cheap. It is great for now just to get it out of the way but it may produce problems in the future. Don’t always go for the longest loan time either, look at all your options and take your situation into consideration, speak to a professional and then make your decision.