Applying for a mortgage? Do these 5 things first

 5 steps to apply for a mortgage the right way

If you apply for a mortgage in the right way, your home buying process gets off to a flying start.

By following these simple steps you stand to get a lower mortgage rate and perhaps a better house:

1.Check your credit report for errors and raise your score if possible

2.Apply with multiple lenders to find the lowest rate and fees

3.Get pre-approved for a mortgage before making an offer

4.Avoid late rent payments; these can affect your mortgage eligibility

5.Avoid financing expensive items before closing, which can reduce your home buying budget

by:  Maggie Overholt  | The Mortgage Reports Editor​