Get pre-approved. Don't skip this step. Getting pre-approved is fast, easy and free. A written pre-approval includes a completed credit application and a certificate guaranteeing you a mortgage to a specified amount. With one in your pocket, you won't waste time looking at homes you can't afford.

​

​

While you're shopping for a loan, also look for the best loan costs.

These may include:

 

• Interest rates

• Broker fees

• Points (each point is one percent of the amount you borrow)

• Prepayment penalties

• Loan term application fees

• Credit report fees

• Appraisal costs