How do you get a mortgage?

Answer by  tejanita8000 (72)

If you have been with your banking institution for a while, the best place to start is there. They can give you details on different interest rates and loan programs, check your credit and employment status, and let you know how much of a loan you can qualify for on the spot.

Answer by  patti (29325)

Historically, mortgage lenders have been cautious. The Clinton administration was responsible for forcing the hand of mortgage lenders to allow sub-prime lending to people who had no business borrowing. Once that blew up, the Obama administration has attempted to own mortgage lending. Until fear subsides and the economy improves, real estate will move slowly.

Answer by  jaljl25 (547)

Well you can get a mortgage from the bank or contact a mortgage specialist to get you one. It's not rocket science.

Answer by  martine (860)

You would have to find a bank that will be willing to finance you and give you a mortgage first. to do this visit your local banks and speak with a manager about current rates and fill out an application and wait and see if you are able to be approved.

Answer by  NGoodson (3395)

If you have good credit, you can still get one easily. Even if your credit is not top notch, you can still find lenders willing to work with you.

Answer by  tamarawilhite (17883)

Many credit unions and small banks are still lending to home buyers or prudent real estate investors with 20% down and good credit scores.

Answer by  barkley (951)

Apply to any financial institution that offers mortages. To help get approved, improve credit rating if you can, save some money for downpayment and closing costs, and pay down debts.

Answer by  jeffc (70)

To get a mortgage you have to go through the bank that the mortgage company is connected with and then you have to get approved

Answer by  adawg (247)

You must apply for one at a mortgage lender or bank. To increase your chances of getting approved, work on getting your credit score higher, reduce other debt, and get your financial documents organized.