If you are in the market for a mortgage loan you need to do your homework and shop around for the best mortgage deal. If you do not take the time to learn how to spot a good mortgage deal, how will you recognize one when you find it? Here is how to recognize a good mortgage offer when you find one.

There are thousands of mortgage companies in the United States alone competing for your business. All promise to have the lowest interest rates; however, which lender is right for you? Making mistakes when signing for a mortgage could cost you thousands of dollars, and possible your home.

Here are some basic guidelines when shopping for a mortgage lender that could help keep you out of trouble.

Pay Close Attention to Interest Rates

Mortgage interest rates vary widely from one lender to the next. When comparing interest rates watch for special