How to Shop for a Mortgage in Three Steps
Updated August 18, 2026 · admin
1. Compare multiple offers
The CFPB recommends comparing at least three loan offers. Ask lenders for the same loan type, term and lock period.
2. Review more than the headline rate
Compare annual percentage rate, points, lender fees, mortgage insurance, cash to close and total interest.
3. Test the payment
Include principal, interest, property taxes, insurance and applicable association charges in your monthly budget.
Primary source: CFPB: Shopping for a mortgage
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