It will help you ask about the terms of the mortgages they offer and organize the information you receive. Write down the name of the loan officer with whom you speak, so you can get back in touch if you decide to apply for a loan at that financial institution. Your task will be simpler if you've narrowed your search to the type of mortgage loan you prefer. The figure includes points and other closing costs and spreads them over the life of the loan. While the APR provides you with a common point for comparison, it's important to look at the whole product before deciding which mortgage to get.
Interest rates change often, even daily.
Make sure you record the date of your rate quote. Try to call lenders on the same day, so that you have an accurate comparison. If PMI is required, ask how much it will cost. Find out how much is due at closing and the amount included as monthly premiums. Also ask how long PMI will be required.