Applying for your mortgage and being able to get it are two different things. Also knowing when to apply and where can enter into the picture, too. Here are some tips to help you be better prepared to get the mortgage you are looking for. Check Your Credit Report
Get a copy of your credit report and look it over for mistakes. Often times, there may be entries made on it that were made erroneously. These potentially bad marks could reduce the likelihood of your getting a mortgage - even if you always pay on time. If you find bad marks, then talk to the people involved and work to get it settled - before you apply. If you find that your rating may not be as good as you had hoped, then you may want to think twice about applying at this time. Stopping to repair your credit and build it up will mean that you will be eligible for better rates, and larger loans, later.
Follow The Market
Keep an eye on the housing market and know what the mortgage rates are doing. They continually change, but you need to be aware of whether they are generally moving up or down. The timing of your application needs to be when the rates are low. If you are refinancing, then the rates should be at least one percent lower than your own - two is even better.
Know The Type of Mortgage You Want
The most common types are the fixed rate mortgage and the adjustable rate mortgage. The fixed rate mortgage keeps the interest rate and your payment always the same. On the other hand, an adjustable rate
