There are certain steps you should take to get the best deal on a mortgage. Start by getting a copy of your credit report by visiting or Correct any inaccuracies and clear up any issues.
If you missed some credit card payments because of an illness, for example, you can attach an explanation to your report. Many lenders will understand.
In general, your credit report will focus on your history of paying off debt: credit cards, auto loans, etc. Problems you’ve had in the distant past won’t be counted as much as recent delinquencies but you’ll still have an easier time getting a mortgage if you can clean up your credit history.
What about getting a mortgage online? Be wary. The Internet can be very confusing, especially for first-time homebuyers, and there’s a chance of falling victim to some scheme or having your privacy invaded.
You can use the Internet for preliminary research, then go find a lender that will provide the personal service you want. The information you’ve gotten on the Internet can help you make sure you get a competitive rate.
