Mortgage

Adjustable-rate mortgage (ARM): This type of loan offers a lower initial rate but adjusts with the market after a certain amount of time. With a 3-year ARM, for instance, your rates will adjust every 3 years after the initial rate period ends.

Conventional mortgage: This is the type of loan that most buyers think of when they hear the word "mortgage." A conventional loan requires good to excellent credit and a down payment of at least 10%. You may need private mortgage insurance if you pay less than 20% down.

Veterans Affairs (VA) mortgage: Veterans and active military service members can qualify for a VA loan. These loans offer up to 100% financing, simplified loan approvals, and lower interest rates.

FHA mortgage: Like VA loans, FHA loans are government-insured mortgages that offer low down payments and lower interest rates.

• Amount of time and money: How much do you want to borrow and for how long?
• Important documents: These include your Social Security number, pay stubs or W-2 forms, and account statements. 
• Work history: Bring a list of all of your recent employers and their contact information.
• Financial history: This includes your gross monthly income, any assets you have (including stocks, bonds, and other properties), and any debts you have.