[aabbcc888]

Hello,

If you need a small loan like $50k mortgage, what is the best option? Get a regular mortgage, line of credit, variable rate, fixed, etc..

 

[jaycola]

It depends on you ability to make the loan payments and the speed with which you expect to repay the loan.
If you are comfortable with fluctuating payments, variable is the cheapest way to go. You will have the lowest interest rate but it is likely to increase over the mortgage term.
Open mortgages will usually be at a higher rate than closed mortgages so if you think you can repay faster than the mortgage ammortization, you may be best off with line of credit. The rate may be higher than a variable mortgage but you can pay it down any time you want.