You’re probably going to ask for rate quotes from lenders. Hence, it is essential that you give them all the necessary information they need. Tell one lender the same thing you did to another, especially with details like your credit quality, the amount of the down payment, and the use of your property. Always remember that mortgage rates can change quite erratically as well. With all the same information provided before everything else gets affected, you’d already have something to be compared with.
You know how home loans require down payment? Well, if you’re able to pay the minimum, chances are you’ll still have a few more years to go. Your chances of being a risk to lenders can be pretty high, though. Hence, make a much larger down payment. With a deeper equity stake in your mortgage, you won’t be seen as much of a risk.