How do I prepare for a mortgage?

To prepare for getting a mortgage, be sure to know what you can realistically afford, how much you'll have saved for a down payment and if you need to improve your credit score before applying. Comparing offers from multiple lenders — at least three — could save you a significant amount of money.

How do I get a mortgage?

If you’re ready to get a mortgage, follow these seven steps: 1. Check Your Credit Reports Before you get too deep into the mortgage application process, it’s a good idea to take a step back and check your credit reports first. The health of your credit will play a big part in getting a good deal on a home loan, or even getting approved at all.

How do I choose the best mortgage loan?

The price you'll pay to borrow the money for your home, the interest rate, is another key to choosing the best mortgage loan. Mortgage rates move a lot. Without going all Wall Street on you, here's what you'll want to know: You can lock in your loan's interest rate over the long term, or let it move with the market and adjust twice a year.