There are several tips mortgage financing in force right now. And many of them have to do with getting the best mortgage financing possible. And with a softer real estate market, and with housing demand waning since last summer, it should be possible to get a good mortgage interest rate.
First, you should check your credit report. You can get a free credit report each year from each of the three major credit bureaus. You should know what your credit score is, and what you can use as a down payment. You should also have an idea of how much you want to finance.
Armed with this information, call a few mortgage lenders. Do not consent to a credit check. With information about your income, expenses, credit score and mortgage financing amount, most mortgage lenders can give you a ballpark figure. This can help you decide which is the lowest interest rate.
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