First of all you should have knowledge about mortgage terms, Which is crucial to help you before contacting the mortgage lenders. Here are some key terms to know:

Adjustable-Rate Mortgage (ARM): A mortgage with an interest rate that can change over time.

Annual Percentage Rate (APR): The total cost of the loan, including interest, fees, and other charges, expressed as a yearly rate.

Appraisal: An estimate of the property’s value, typically conducted by a professional appraiser.

Closing Costs: Fees associated with finalizing the loan, such as title insurance, attorney fees, and recording fees.

Credit Score: A numerical representation of your credit history and creditworthiness.

Down Payment: The amount paid upfront to purchase a home.

Escrow: A third-party account used to hold funds for property taxes, insurance, and other expenses.

Fixed-Rate Mortgage: A mortgage with an interest rate that remains constant over the life of the loan.

Interest Rate: The percentage of the loan amount charged as interest over the life of the loan.

Loan-to-Value (LTV) Ratio: The percentage of the property’s value borrowed from the lender.

Mortgage Insurance (MI): Insurance required for borrowers who put down less than 20% of the purchase price.

Origination Fee: A fee charged by the lender for processing the loan.

Points: Prepaid interest paid to the lender to reduce the interest rate.

Pre-Approval: A lender’s initial approval for a loan amount based on a borrower’s creditworthiness.

Pre-Qualification: An estimate of a borrower’s loan amount based on a preliminary review of their creditworthiness.

Private Mortgage Insurance (PMI): Insurance required for borrowers who put down less than 20% of the purchase price.

Property Taxes: Taxes levied on the property by local governments.

Refinance: Replacing an existing loan with a new loan, often to secure a lower interest rate or better terms.

Title Insurance: Insurance that protects the lender and borrower from errors in the title search process.