I am a newbie and planning to purchase a single family or town home in Wilmington Delaware. I am looking at mortgage quotes from my banks and it seem the interest rates around 5%. I am planning to put 25% down and would like to here some tips from you guys on ways where I can get a loan for a 30 year fixed with low interest rate?
Use a mortgage broker, they have a relationship with many different lenders, and will be able to get you the best rate. Even better news is they are generally paid from the bank's proceeds