The type of mortgage that is best for you depends on several different factors. Factors such as those listed below can all come into play.
How much money have you saved?
How long will you be in the home?
The purchase price of the home.
Your income to debt ratio
Are you building or buying a pre-owned home?
Are you a veteran or a first time home buyer?
If you have saved 5% or more of the purchase price you may qualify for a typical conventional loan with a fixed interest rate.
If you are not going to be in the home very long an adjustable rate loan might work for you. When the rates are low most people get a fixed rate loan so you also have to factor that in.
If you have less the 5% of the purchase price saved a government such as an FHA loan might work for you. Or if you are a veteran a VA loan is a great program. It is a 0 down program. For more detailed information check out this video:
If you are a first time home buyer there are various programs created just for you. For more information check out this video:
If you are building a home you may need a construction loan . for more information check out this video:
If you are a very busy person with a substantial income , say $100,000 or more , perhaps private banking is your best bet. For more information check out this video: