Many first time home buyers are uncertain about when to shop for a mortgage and how to do so. It’s probably easier and less time consuming than you think.

Here are some quick tips on shopping for a mortgage:

• You only need to talk to one bank initially
• All banks follow the same guidelines outlined by Freddy Mac and Fannie May for loan preaprovals
• When you are under contract, then you can shop around to different lenders to find the best loan