Shop, shop, and shop around and compare rates
It is especially important not to take the first loan from the first company you speak with. But remember that since every application counts as a hard pull on your credit score, it is also important that you do not make multiple applications. This is where it would benefit you to inquire with an online broker or a mortgage broker, because they are able to shop around for you. Mortgage brokers and online brokers can look into any number of lenders to suss out the best deals and your credit history will only get pulled one time.
When shopping around, it is also a good thing to keep in mind that varying loan types offer varying interest rates. Fixed-rate loans, for instance, have higher rates than variable-rate mortgages. Because you will be responsible for your mortgage interest rate for years, it is…