Guide to finding the best mortgage rate

Finding the best, lowest mortgage rate is the key to save money when buying a house.

07:04 14 August 2013

So, you’re done looking around and have found the house you want to buy. Now, the next step that you need to take is to find the best mortgage so you can buy the real estate property you desire.

Finding the best, lowest mortgage rate can be time-consuming but it’s totally worth it. It is key to ensure you’re getting the best deal in the market and that you’re saving as much as possible on your monthly payments.

Keep in mind that mortgage terms and rates vary from lender to lender. Thus, taking your time when you’re shopping around and when comparing is absolutely important. Getting guidance from experienced brokers can help you make well-informed decision.

Understand that each type of mortgage may have its own advantages and disadvantages.

If you want to qualify for the best mortgage deals, you need to have great credit history. If you currently don’t have that, perhaps improve your rating first before you apply for a mortgage.