Step 1:
Select a good real estate agent who will help you find the home that fits your needs and budget. You should have a good rapport with the real estate agent and be able to communicate effectively with him or her to find the home you are looking for. The more clearly and effectively he is informed the better the chance of finding the right home for you.

Step 2:
Decide on the location or part of town you wish to live, taking into consideration transportation facility, shopping convenience, neighbourhood environment and if you have kids the school closeness and reputation. Your new home will have to be close to all amenities as far as possible.

Step 3:
Find the lender or mortgage broker that will help you finance your home mortgage at the best interest rate and best terms. Your real estate agent may recommend you the lender or you may have a friend or relative that can do so. Check also the bank that you are currently dealing with and find out what they have to offer on home mortgage.
It is advisable to find the lender first before looking for a home and have your mortgage pre-approved. In this way you know exactly how much you can borrow, the interest rate you will get and the monthly payment.

Remember a half percent interest rate saving on a $100,000.00 home mortgage amortized over 25 years will put $9,173.82 in your pocket over the life of the mortgage loan.

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