When looking for or applying for a mortgage many home buyers will focus on the current mortgage rates. Truth be told there is more to getting a home financed than the mortgage rate. Sometimes a mortgage rate might be slightly higher, but offer a better refinance window without restrictions. Other considerations might be credit score or assistance with closing costs.
Before you commit to mortgage financing, you might want to work with a buyers agent to make sure you have buyer representation if this is your first home purchase. A buyers agent can also work with you in getting potential mortgage options from several lenders. If you are turned down by one lender or you just don’t like the way it might be structured, talk with several other lenders to make sure you’ve exercised all of your potential mortgage options.