I am looking to buy my 4th home. The last home I bought was in 2016 and I sold it in April of 2021. I have been renting since then. Mortgage rates have gone up a bunch since 2016 when I got my last mortgage. I need to get a pre approval letter from a lender but am not sure how best to proceed. I am not an expert in obtaining mortgages but basically hope to find a lender with low fees and low rates. As I remember it, some lenders have lower fees and lower interest rates than others.
I have enough cash from the sale of home number 3 to put anywhere from about 50 to 80% down on the next home.
I have a checking account with US Bank with what will be our down payment in that account and it seems their fees are reasonable but I have not done much shopping around yet.
Anyway, I wonder if some of you might offer some advice or tips on how best to secure the best mortgage. Thanks!
