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Tips to Get the Best Mortgage Rate for Your First Home

Buying a home for the first time is a very exciting time. It is also one of the biggest financial decisions that you will ever make in your life. One of the biggest parts of buying a home is finding the right mortgage rate. Keep these tips in mind to ensure that you get the best rate possible when buying your first home. Get a copy of your credit report. Your credit score is one of the biggest factors when lenders decide on mortgage rate. Get a copy of your credit report from the three major lenders and look it over. Make sure that there are no errors, and if there are, fix them as soon as possible. Look into your loan options. There are many different loan options that are available, including a fixed rate mortgage, Federal Housing Administration mortgage, and a Veterans Affairs mortgage. Each one of these options ... Read more