When it comes to choosing between a variable and fixed mortgage, it ultimately depends on your personal circumstances and risk tolerance. Here are a few things to consider:

1. Fixed mortgages offer stable monthly payments, making budgeting and planning for the future easier. On the other hand, variable mortgages have payments that can fluctuate, making it more challenging to plan for the long term.
2. Variable mortgages typically come with lower interest rates, which can lead to lower overall costs over the life of the mortgage. However, fixed mortgages provide more security in the event of interest rate hikes.
3. Consider how long you plan to stay in your home. If you plan on staying for a shorter period, a variable mortgage may be the better option, as you can take advantage of lower interest rates in the short term. If you plan on staying in your home long-term, a fixed mortgage may provide more stability and predictability.

Speaking with a mortgage professional is essential to determine which option best suits your unique needs and circumstances.