Finance

How to Secure a Mortgage in 5 Simple Steps

Dreaming of owning a home? Follow these 5 simple steps to secure a mortgage and make your dream a reality

Steps 1 to 3: Getting Started

01

Check Your Credit Score: Ensure your score is healthy for better rates.

02

Save for a Down Payment: Aim for 20% to avoid PMI (Private Mortgage Insurance).

03

Get Pre-Approved: Find a lender and get pre-approved to know your budget. Visual: Split-screen visuals of a credit score chart, a savings jar labeled "Down Payment," and a person holding a "Pre-Approved" document.

04

Shop for the Best Rate: Compare offers from multiple lenders to get the best deal

05

Close the Deal: Complete the paperwork, and you're ready to move in!