How do you calculate the best home mortgage for you?

Mortgages can be tricky – Remember that you have the final decision, not the “mortgage originator” (who works for the bank).  Talk to your accountant and lawyer, and educate yourself on the different types of mortgages that are available.
How to Get Approved for the Best Mortgage Without Sticking a Fork in Your Eye : A Comprehensive Guide for First Time Home Buyers and Home Buyers Getting a Mortgage Since the Mortgage Crisis of 2008
Sometimes there are special programs through the government agencies that you qualify for as well.  Keep in mind that people are frequently told to “get as much mortgage they can qualify for” – and that may last 30 years, but they may go through job loss, illness, or other situations that have to be considered – especially before you sign off on a large monthly payment!
Keep in mind that getting a mortgage is purchasing MONEY to buy a home – Like any major purchase you must be sharp and find the best deal.  FHA rules change all the time too, so always double check with a second lender if your primary one can’t get you the loan you need.
106 Mortgage Secrets All Borrowers Must Learn - But Lenders Don't Tell
Familiarize yourself with “how much mortgage you can afford/need”, mortgage calculators, and interest rates.  Learn the “Lingo” and you will be able to understand the things your mortgage consultant is telling you.  And make sure you understand all the requirements;  lenders ask for a lot of verification (pay stubs, bank records, etc.).
Here’s hoping the mortgage you buy has a wonderful home attached to it!

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