Search for the most advantageous interest rate you can find. The bank wants to give you into a high rate. Don't be a victim of thing. Make sure you do some comparison shop and give yourself multiple options.

Make extra payments if you can with a 30 year term mortgage.The additional payment is going to go towards the principal amount.

Minimize your debts before attempting to purchase a home. A home mortgage is a huge responsibility and you want to be sure that you will be able to make the payments, and you should be able to comfortably afford it. Having fewer debts will make it that much easier to do just that.

Research prospective lenders before signing for anything.Don't just blindly trust the word of your lender. Look them up on the Internet.Check out lenders at the BBB as well. You should have to know as much as possible before undertaking the loan process so you apply.