[water]

I don't know much about buying a house, this will be my first time buying it. I don't know a lot of thing. My questions are how do I know which bank has a low interest rate? I can't let all them to check my credit score. It will hurt my score.

[tonks_op]

Be very, very careful of mortgage companies. Always go to a real bank or credit union. The reason so many people are losing their homes is because of mortgage brokers who are crooks. And your not knowing anything will make them screw you over even more. All banks are competitive. And the rates change day to day with the stock market. Go to the bank that you have your checking account with. Or a credit union, they often give good deals with no origination fees. They can all give you an FHA loan, which is a safe loan to get. Ask your Realtor to recommend someone. But still be careful, and make sure it is a real bank or credit union, because some Realtors don't know anything about mortgages either.

Another bit of advice. Do not make any changes in your credit, or job until after you have closed on the house. The bank will check your credit when you start and then again just before the closing to be sure that nothing surprising comes up. Wait to buy anything new on credit. It is OK to pay something off, but do not add anything to your cards. Do not change jobs. Getting a mortgage will be the hardest type of loan that you will ever get. They will check everything, including where you are getting your down payment. Good luck, this is a good time to buy. Lots of good deals out there in many areas.

I use to sell mortgages.

[Singleparent2]

check the bank's website to see what rate is being offer. also if you know a mortgage broker they will be able to let know what bank in your area got the best rates. good luck.... I am trying to pay my home loan off.