It’s well known that for most people, a house is the biggest purchase they’ll make in their lifetimes. It’s a place they’ll call home for years or decades and the mortgage payments will usually last decades as well.
It’s very important to carefully shop around for the best home mortgage offer to make sure your payments are as low as they can be and that you fully understand what all the up front and closing costs will be. Fortunately, you can do most of the up front work from your computer or even from your mobile phone. Searching for mortgage rates online is quick and easy and you can usually compare at a glance the interest rates, monthly payments, down payment percentage requirement, points (interest paid up front), and other fees.
Make sure your credit report is up to date and accurate since your credit score will affect the rate you’re able to get.