Shopping around for a home loan or mortgage will help you to get the best financing deal. A mortgage – whether it’s a home purchase, a refinancing, or a home equity loan – is a product, just like a car, so the price and terms may be negotiable. You’ll want to compare all the costs involved in obtaining a mortgage. Shopping, comparing, and negotiating may save you thousands of dollars.
The US Department of Housing and Urban Development offers a free brochure to help guide you through this process.