Check your credit report. Make sure that you are getting the credit you deserve. Studies show one in four credit reports has erroneous information that may hinder your ability to get a mortgage. Start saving today. It oftentimes costs money to get a loan.
Many home buyers spend thousands of dollars on down payments and closing costs.
Title searches, surveys, attorney fees and other home buying expenses can add up in a hurry. A big down payment saves you money as the more you put down the less you have to finance. If you can afford a 20 percent down payment, you may not be required to get private mortgage insurance which is an additional cost. If you follow these tips, you should be well on your way to getting a home mortgage. With your financial house in order, you may also be able to negotiate a better deal on your mortgage and home.