If you’re in the market for a new home, you’re probably wondering how to get the best mortgage interest rates. With home prices on the rise and interest rates gradually increasing, it’s more important than ever to shop around and compare rates before you apply for a loan.

Here are three tips to help you get the best mortgage interest rates:

1. Shop around for the best interest rates

2. Get a loan with a shorter term

3. Keep your credit score high

Following these tips can help you save money on your mortgage and make your dream of homeownership a reality.

1. Shop around for the best interest rates

Different lenders offer different mortgage interest rates, so it’s important to shop around and compare rates from multiple lenders before making a decision. You can start by checking with your current bank or credit union, but don’t be afraid to look at smaller or online lenders as well. 2.

2. Get a loan with a shorter term

While a 25-year fixed-rate mortgage is the most common type of loan, a shorter-term loan, such as a 15-year fixed-rate mortgage, can often come with a lower interest rate. Keep in mind, though, that a shorter-term loan will come with higher monthly payments.

3. Keep your credit score high

A high credit score can help you qualify for lower interest rates on your mortgage. Be sure to pay your bills on time, keep your credit card balances low, and avoid applying for new credit before and during the mortgage application process. By taking these steps, you can increase your chances of getting the best mortgage interest rates and save money over the life of your loan.