Home mortgages are only one part of the process of buying a new house. There are so many factors to take into consideration when you want to find the right house for you.
If only it were as simple as find a house that looked good, find a mortgage and purchase it!
Some of the things that you need to think about are the local neighborhood and whether it is getting better or worse, what are the local schools like if you have kids and whether you intend to stay there for a long time.
A lot of people panic a bit about having to make such decisions.
On top of that you then have to visit real estate agents who will arrange visits to various houses. You have to judge the amount to offer for any particular property and whether that will be sufficient to outbid anyone else looking at the same one.
Then, after all that you have to think about whether the house will retain its value when you want to sell it on to someone else in a few years time. Some homes are good investments whilst others suck.
The ideal situation is if you can find a residence at a reasonable price in an area which is on the up. Maybe where there is a housing development being built with a new school, new shops and the like.
Early on in these projects the developers offer the properties at a very affordable price. This is partly because you may well be living on what seems like a building site for a while.
If you can get in at that stage and put up with the discomfort for a while it a sure way to make a profit. Even fairly short term you can make a real killing and be in a position to buy the home of your dreams.
You have to consider the state of the economy and make sure that you will still have a job and be able to make the standard mortgage monthly payments without fail. If you start missing payments, it begins to spiral and before you know it, there is no value left at all.
Another option you can take if you are keen on DIY is to buy an old property which needs a lot of work doing to it. At weekends and in the evenings you can do what is required and make the house worth a lot more money but take into account the money you will have to spend on it.
Some people actually do that as a business but we are really only concerned with these bits of advice on getting your own home mortgages.