So you're ready to finance property and need a mortgage. What's the first step? How do you find the best deal and what's right for your personal situation? The following sites are great stepping stones to go about getting a mortgage so you can be on the right track to owning your own home.
This article from the Federal Reserve Board offers a ton of practical information on how to get started and look for the best mortgage. Its overarching theme is to shop around, compare and negotiate for the best option. It suggests obtaining information from several lenders and all important cost information. Scroll about halfway down the page to read a glossary of all the terms you need to know. It also includes a mortgage shopping worksheet that you can print out, which has all the information you need to know for different options and blanks for you to fill in for each.
About.com: Where to Get a Mortgage
This About.com article gives the lowdown on mortgage brokers and bankers, banks, savings and loan associations and credit unions. Make sure you know all the pros and cons before choosing what's right.
About.com: How to Interview Mortgage Broker
You're now at the point where you're shopping around for lenders or brokers. Check out this must-see article that features 10 questions you should ask every potential interviewee. After you read over all the questions, go on to Page 2, which gives all the answers that most borrowers will likely give, what they mean, and if they would give you what you want.
EHow's How to Understand the Home Loan Process
This article gives step-by-step tips and instructions for what you should expect and do in the home loaning process. It lets you in all the little things that you should know, like be expected to provide additional items and how long each stage of the process should take. If you look on the side of the page, EHow offers a bunch of different related articles, like how to get a loan online, how to get pre-qualified for a loan, and how to choose the right borrower.