1. Get pre-approved Before you start hunting for the perfect home, find out exactly how much you can afford.

2. Understand your credit rating Your credit rating will affect how lenders see you.

3. How much downpayment can you afford? This will ultimately affect how big your mortgage (and your payment) will be.

4. Get the best interest rate Make lenders compete for your mortgage. See number 10.

5. Floating vs. fixed rate Both have their pros and cons. Mortgage Architects can help you determine which works best for you.

6. Know your payment Knowing exactly what you pay each month will help you budget accordingly. Remember to include your estimated property taxes as well.

7. Know your amortization The standard amortization for a new mortgage is 25 years, but shorter and longer periods are available.

8. Is there a payout penalty? Know how much you’ll have to pay if you choose to sell or pay off the property before the end of your term.

9. Anticipate closing costs Don’t let the costs associated with closing day take you by surprise. Understand your legal fees and transfer costs.

10. Contact Mortgage Architects Make the entire process easier.