Know your Credit History

In today's mortgage market, programs and rates are often determined by credit ratings. Often times there are mistakes made on credit histories or items that are reported in error. These can frequently be corrected before you write a contract on a property.

Correcting these issues up front can often help you obtain the lowest rate available.

I've included a great flyer about understanding your FICO scores under the Mortgage 101 tab. Check it out.

Know How Much You Can Afford

You may qualify for more home than you believed possible with today's interest rate environment. Reviewing finances ahead of time can allow you to structure your financing to make your payments more affordable.

Know How Much Money You Will Need

Buying your dream home may cost you less money than you think. There are many programs available that allow you to move into your home for little or no money down.

Borrowers often assume that it takes a large amount of cash when in actuality it could be only minimal.

Know How Fast You Can Close

Many borrowers believe that it takes 30-60 days to close on a home. Every loan is different, but in some cases first Texas Home Mortgage can close Conventional and FHA loans in 48 hours and VA loans in less than 15 days.

Know Your Lender

It is important for the borrower to know the history and reputation of their lender. Lowest rate doesn't always equal professional service.

For the most important purchase of your life select your lender carefully.

Click here for a list of questions to ask your lender.