Also, make sure to include all the income you have. If you have any equity in any stocks or other financial accounts, make sure to mention that to the broker as well.

The more money you can put down on the loan, the more likely it is that you can get approved. FHA loans usually only require 3-5% down. They are also usually open to working with people with credit problems.

Information you need for online mortgage quotes

You will need some basic information in order to receive mortgage quotes online. Because much of this information is of a personal and sensitive nature, it is important to make sure you are a legitimate Web site belonging to a reputable company. Additionally, you should make sure that the Web site is secure. You can check very easily by looking at your Internet browser’s address bar. For many sites, the beginning of the address bar simply has the designation “http.” A secure Web site, however, adds an “s” to the end of the start of the address. You can make sure that you are on a secure Web site by checking to see if the Web address begins with “https.” Here is some of the information that you need to provide when looking for mortgage quotes:

· Name
· Address
· Phone number
· Social Security Number
· Annual household income
· Current debts

Some companies may ask for more information, but these basics are usually enough for the company to have a look at your credit file and determine what sort of loan options you are eligible for. And an online mortgage quote usually only takes a few seconds.

One stop shopping

If you are not into shopping around for half the day looking for mortgage quotes online, you can solve the problem by going to a site that offers multiple quotes from several lenders. Web sites like Lending Tree (www.lendingtree.com) take the information from you and the submit it to several lenders. All lenders return with loan quotes and you can pick from a variety, finding the one the suits your needs without going over the same quote process over and over again on dozens of different mortgage Web sites.

Our Recommended Online Mortgage Companies:
 

These are the Best of the Best:
(updated )

The average rate of interest on mortgage loans continues to fall and has been under 5 percent for almost all of this past year, with this recent round of rate cuts seen as the lowest for borrowers in years. The reason, many borrowers today have bad or at least less than perfect credit scores. Still a borrower with less then perfect credit an jump through a few hoops and get a fairly decen rate on a loan.