All Mortgage - Mortgage Calculators and Mortgage Rates

DO

1. Before you apply for a mortgage, make sure you pay your bills on time, so your credit score goes up.
2. Try to save as much as possible for the down payment.
3. Figure out what you can comfortably afford before house-hunting.
4. Stick to your budget for buying a property.
5. Think about how your spending may change once you have your home.
6. File your tax returns on time if you are self-employed.
7. Try to learn about mortgage as much as possible, so you’ll know all the options available
8. Evaluate your mortgage frequently to make sure you’re getting the best deal.
9. Keep an eye on the interest rates.
10. Ask questions!!!

DON’T

1. Don’t make a big purchase a few months before you fill off your mortgage application.
2. Don’t dream about the perfect house that is way over your budget.
3. Don’t change jobs/employers right before you get a mortgage.
4. Don’t inflate your income to get a bigger mortgage - it’s fraud.
5. Don’t assume interest rates will stay the same - how would you cope if they went up?
6. Don’t switch banks or move money around.
7. Don’t make your moving plans too tight, be flexible.
8. Don’t let lenders/brokers talk you into something you don’t fully understand.
9. Don’t be afraid to walk away from a house that you don’t love. Don’t forget, there are always other houses.
10. Don’t rush, take things slowly.