How to Get a Mortgage

Once a simple task that meant comparing fixed rates from among perhaps a dozen or fewer savings and loan companies, the mortgage hunt today is like finding your way through a maze.

There are dozens of loan types and hundreds of loan programs available through thousands of mortgage brokers, bankers, lenders, finance companies, credit unions, even stock brokerage firms.

Contrary to popular belief, finding a mortgage doesn't begin with an application.

Education is a better first choice. Mortgage information sources are as vast as the number of mortgages available. Web sites, topical newspaper articles, mortgage books, consumer seminars and workshops, financial planners, real estate agents, mortgage brokers and lenders are all available to assist you along the way…
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First and foremost, you must determine how your mortgage payment will fit your current budget and, to some extent, your future obligations 15 to 30 years down the road.

If you discover too late that you can't afford your mortgage, you'll not only face the possibility of losing the roof over your head, but you could also damage your ability to purchase a home later.

How to Get a Mortgage…
Mortgage Advice
Calculate Your Income vs. Debt
Costs Associated with a Home Loan
How Much Do I Have to Save to Buy a Home?
Making the Transition from Renting to Buying
Mortgage Basics
Understand Your Credit
What Are My Mortgage Options?
Don’t Buy a Car - or Did You Already Buy One?
How Financing Details Affect Your Offer
How FHA and VA Loans Affect Your Offer