Finance is a very important factor when buying a home, and it is better for you if you arrange fiance before you start looking. 

While interest rates are very important too, there are so many factors that will determine what you can do. And it's not just about the amount you need to buy the home you have found and the amount you earn. For instance, some banks will not lend money unless the customer has been in their current job for an extended period - sometimes three months, and some up to a year. Your current bank might say no to a loan, while another might be satisfied with as little as one day! Not all banks are the same!!

While not all banks are the same, the reason they are in business is the same - and that's to make as much money as possible on interest and charges. Beware of cheap interest rates, because sometimes the fees and charges will exceed what you think you are saving on the interest. 

Often people will have a preferred bank, and might have been banking with the same bank for several years, even decades. Perhaps you would expect a good deal because of your loyalty? There can be a trap in going to the same old bank because they might take advantage of your misguided loyalty.

Most vendors will get at least two appraisals before listing their homes, yet often people don't get a second quote on finance deals. It is probably a good idea to used a highly qualified and experienced finance or mortgage broker. Not all brokers are the same, so choose one who has access to the maximum number of lenders. It is common to find that mortgage brokers can get you a better deal than your bank will offer you directly! Brokers also have data on actual costs including fees, so you can get a much better picture of what you will be paying.

Choose your financing wisely, choose a good broker, and experience the benefits that you might miss out on otherwise.