[Sikand Kumar]

...getting a house.? Can somebody give me some tips to before getting a home mortgage? How much savings should I make?

[Shamma]

Getting your mortgage is certainly becoming tough in the wake of uncertainties surrounding the mortgage and housing industry. Before getting a house mortgage, following factors would help Save enough money- Save sufficient funds for a deposit. No doubt, several banks are ready for lending the whole cost of a house, but the shortcoming is that they charge a higher rates on interest. Good credit history—Having a good credit history is vital for getting a mortgage. Watch your debts---You need to be careful about your debt ratio which must be below 40 percent of your income (gross income). Financial guidance—Plan about repaying your mortgage. Call a mortgage professional—Contact a mortgage professional to help you get qualified for a home mortgage and get related guidance.