zillow.com - As the real estate market begins to perk up, many people find themselves in a good position to start looking for a home. Even though interest rates continue to hover at the lower end of the spectrum, shopping for a mortgage is still a tricky process, especially if you’re doing it for the first time. But don’t fret. These seven steps will help you navigate the treacherous waters of mortgage shopping, and they’ll save you time and money in the process.
1. Have your credit report ready 2. Work on improving your debt-to-income ratio 3. Plan for a big down payment 4. Decide between a fixed or hybrid mortgage 5. Shop for lenders 6. Submit a thorough application 7. Lock in your interest rate