Below are 10 Tips to Remember When Shopping for a Mortgage:
1. Compare all loan products with your loan officer to determine the right one for you.
2. Save as much as you can towards your down payment and closing costs.
3. Once you get pre-approved do not apply for any new credit.
4. Make sure your credit is in good standing before applying for a loan.
5. Higher credit scores usually mean a lower rate.
6. Do not close credit cards while in the loan process.
7. Know what you can afford.
8. Do not make large deposits into your bank account that are out of the ordinary.
9. Make sure to disclose all monthly payments on your application.
10. Submit as much documentation to your loan officer at the time of pre-approval.
