Buying a new home is an exciting and wonderful time. But once the process starts, future homeowners quickly find out that a lot of hard work and planning must come first before the highly anticipated move-in date: saving for the downpayment, the exhausting process of finding the perfect home, and obtaining the best mortgage to fit your financial situation. Unfortunately, in the rush to move into their perfect new home, some future homeowners neglect to investigate the best options for a mortgage and instead take the first one that comes along. A mortgage, however, is a long-term commitment and should be entered into carefully. Otherwise, a homeowner could end up with the wrong loan and potential financial problems. Here are five things to consider before choosing a mortgage.

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