One of the easy ways for a person to get his dream home is to apply for a house loan. It may seem as an easy process but applying for a house mortgage can be a time consuming process which requires a lot of patience and understanding. But, if you're well informed and know what to expect up front, the house mortgage will be much easier and a lot less stressful.

Below are tips to remember when looking and applying for a house mortgage that will surely help you save time and money.

Nashville House Mortgage Tip 1: Interest Rates

• Before choosing a lender you will want to shop around to see what current mortgage rates are. Shopping for mortgage rates online is a time saver and you can frequently find lower rates as well. Some of these companies have hidden fee though, so be careful. Your mortgage rate will affect how much money you have to pay back over the term of the loan, so the lower the better.

Nashville House Mortgage Tip 2: Fixed or Variable Interest Rate

• When it comes to your mortgage there are more options than just a loan you pay back over a set amount of time. You can choose different mortgage interest rates that work best for your current and future situation. So, before you apply for a mortgage do some research on variable and fixed interest rates to find what will work best for you.

Nashville House Mortgage Tip 3:

Down Payment

• When first applying for house mortgage you might not know the specific amount of the down payment you will be required to pay. If you have questionable credit, many times a lender will require you to pay between 10% and 20% of the home's value up front, but if you have good credit you can make a lower down payment AND get a great rate. This depends on the lender, so shop around.