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Save bigger deposits. When you’re applying for a mortgage, one of the things that lenders would want to know is the amount of money that you can pay for the down payment.
Credit report. Take the time to figure out what your credit report says about your financial stability. About 6-12 months before you take out mortgage loan, get free credit report. This will give you ample time to improve or fix it if needed.
Shop around. Check out different lenders and compare their interest rate. Although most companies only have an eight of a point difference when it comes to mortgage rates, this can really add up in the long run.
Check the fees. It is not enough that you shop for the lowest mortgage rate. To ensure that you’re going to save as much money as possible, check the application free, appraisal fee, legal fees, and other type of fees. Different lenders charge different amount for these.