After weeks of searching, you finally find the perfect home. While it is understandable that anyone would get caught up in the excitement of making that purchase, remember that a house isn't just a place where memories are made - it is also a huge financial transaction.

Mortgage rates aren't at the lowest rates they've ever been, but they're certainly still close to historic lows. If you're thinking about refinancing your mortgage, you could possibly save significant amounts of money over the years.

Banks have tightened their lending criteria. It is much more difficult to get a home loan than it was years ago. It seems that in the coming months and years it will only become harder to acquire a mortgage. This doesn’t have to mean that you are going to be tied into a terrible deal by your bank.

If you’re like most people buying a new home, you’ll finance the purchase by getting a mortgage. Applying for a home loan requires a certain amount of preparation and documentation. In order to avoid delays and multiple meetings, it’s helpful to know what to expect from your first meeting with your mortgage broker.

Having a mortgage is a serious financial commitment. Even though you negotiated for the best home price and interest rate you can get, perhaps you noticed that rates have dropped. Or maybe paying certain bills, you realized that having a lower mortgage payment would be better for you. You may think you have to wait until terms ends before making any changes, but that’s not so. In fact, if you have an FHA mortgage, you should look into FHA streamline refinance loan.