Do you want to purchase a new residence? Do you instead want to refinance your current mortgage? If you have to take on a loan to have the financing you need to buy, you will be needing a mortgage. It can be confusing to go through the process of getting one, however with what you will learn here, you should have an easier time.

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Start preparing for your home mortgage well in advance of applying for it. If you are in the market for a mortgage, you should prepare your finances as soon as possible. That means building up a nest egg of savings and getting your debt in order. If you are not in good financial shape when you apply for a mortgage, you will likely be turned down.

Always review your credit report prior to applying for the mortgage. Your credit rating should be clean and free of errors. This can help you qualify for a good loan.

If you are unable to refinance your home, try it again. A program known as HARP has been modified, allowing a greater number of homeowners to refinance. Speak with the lender you have to see if you can do anything with a HARP refinance. If your current lender won't work with you, find a lender who will.

During the pre-approval process for the mortgage loan, avoid going on any costly shopping sprees while waiting for it to close! Lenders recheck credit before a mortgage close, and they could change their mind if they see a lot of activity. Wait for furniture shopping and other major expenses, until long after the ink is dry on your new mortgage contract.

Get your financial documents in order. Most lenders will require you to produce these documents at the time of application. They will likely include anything you typically submit to the IRS, and several pay stubs. By gathering these documents before visiting the lender, you can speed u