Have you ever heard of the saying: an early bird catches the best worm? Well same is the case in trying to get a good deal for a mortgage rate. The best thing to do is get a head start few months in advance. This will give you plenty of time to get all you need in order. The following are just a few steps you need to follow

1. Get a copy of your credit report and thoroughly check your credit scores. There are chances that by mistake an item or two have been wrongly entered into your credit report.
   If by chance this is the case then it’s a good thing you started in advance so that you have enough time to report and correct them.
2. Secondly, if you feel that your credit level is not up to par. Take time out and raise the credit levels. This can be done by taking short terms loans and then paying them off as quickly as possible.

This will benefit you in getting any kind of mortgage you want. The interest rate will be on the basis of your scores, which after being totaled will be the basis of the lender’s estimate.

1. Try and pay off all your debts. If you have multiple credit cards, try and close some of them, if not all of them, leaving at two with a minimal balance. By doing this you rule out the idea of limiting your mortgage size.  As an added bonus, it also gives the lender an assurance that you are capable of repaying back all of your debts.
2. Try and get a rather large down payment this will mean that the more you give as a down payment, the less possibility is there of you being at threat to the lender. Plus the lender will trust you more and may even give you a low interest rate.

If you still want a better mortgage, try and compare all other mortgage rate instead of just settling for the first one that comes your way. So you don’t fall prey to the wrong deal which you will regret in the long run.



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