Tips to Avoid Paying More for Your Mortgage

Buying a house is a major financial commitment. You want to be certain you’re getting the best mortgage rate and terms, and that you will be able to afford your mortgage payment now and into the future. Unfortunately, some people don’t really shop around or look at their mortgage options when buying a home. Someone who may spend hours researching and comparing prices for technology or a new car will take the first loan offer they receive.

If you’re in the market for a new house, here are a few tips that will help you obtain the best mortgage possible.

If you can make a good-sized down payment, you won’t have to worry about financing as much. That may help you get a better rate so your monthly payment isn’t...