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Collate all the pertinent data in applying for a mortgage.

• Determine your credit worthiness by testing the credit parameters normally used by lending institutions. Some give out questionnaires you can answer to help prequalify you. This is looking at yourself through the eyes of a lender. If you were the lender, would you approve a mortgage for yourself? If so, how much can you afford? and what would the terms be?
• Obtain a copy of your credit report and check wether the information stated therein is true, if not, make the necessary corrections immediately. This report gives you a snapshot of your desirability as a buyer.
• Veterans are advised to get in touch with the concerned government institution to check if they can avail of the no downpayment mortgage scheme for them.