What type of mortgage is best?
While there's no one best type of mortgage to suit the needs of every borrower, an owner occupied, principal and interest loan is most common for people who intend to live in the property they're purchasing.
This way, you're able to make sure that you're reducing the overall balance of your loan over time instead of just making interest repayments. In time, the home will be yours, and after all - it's the home you want, not the home loan, right?