Question to those who are experts on home loans?

I co-own a home with a family member. It is owned free and clear, no debt is on it. We are considering consolidating all of our outstanding debt and doing home improvements on the property. What is the best option from a mortgage lender? Variable? Fixed? I have an appointment with a lender coming up soon and would like to be prepared. I have done some research but would like advice from someone in the field. Thank you very much.

Public Comments

1. read more on loans, mortgages and more on real estate that might help you on this site
2. Fixed. Rates have paused for now, but they arent going down anytime soon. They can only go up.
3. I would think a short term fixed rate 1st mortgage say 10-15 years would be the best. 100% interest deductible and lower than most all home equity or 2nd mortgages you can always pay it off early as well
4. Well since you want cash to do improvments you have to get a line of credit. As for as I know all line of credits are adjustable.