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When shopping around for a Wilmington nc mortgage, it is important to first define your needs. Are you shopping for your first home, an investment property, and a second single-family home? Is your credit score good, bad, or fair? Would you rather have lower monthly payments for the first few years of your loan followed by an increase, or would you rather have fixed payments for the lifetime of your loan? These are all questions that you should be asking yourself when looking for a Wilmington nc mortgage.

Before you begin shopping for a Wilmington nc mortgage, you should get a free copy of your credit report and dispute any errors that may be reported. This will ensure you that you will have the highest possible credit score when you are quoted your interest rate on your mortgage. A good credit score will potentially save you tens of thousands of dollars over the lifetime of your loan.

After you have fixed your credit score you can now begin shopping for a Wilmington nc mortgage. To do so you should begin by calling reputable mortgage lenders in the Wilmington area to set up initial appointments with. They will be able to discuss with you different mortgage products available for your Wilmington nc mortgage.

Some specific mortgage programs include: interest only, conventional, and adjustable rate mortgages. You should discuss all possible options with your lender to determine which loan product is right for your needs.

When obtaining a Wilmington nc mortgage you should also be able to get pre-approved on the day of your initial consultation. You can speed up this process by having all appropriate documents relating to your financial and employment history handy. When you call a lender to make an appointment make sure you ask them what documents you should bring with you to make the approval process run quickly and smoothly.

This Entrepreneurship article was written by Michael Fansler on 7/18/2006

Michael Fansler is the president and CEO of his own home-based courier service. He has had 3 books published on entrepreneurship and how to succeed with a home-based business. His favorite website, and one he highly recommends for anyone interested in owning their own home based business someday, is