How do I get a mortgage?
To obtain a mortgage for a house, you will usually need a portion of the house cost to pay upfront as a down payment. This usually ranges from 0-30%. The more money you put down, the lower the interest rate and loan payments will be, and therefore you will pay much less interest over the life of the loan.
When you go to a bank to apply for a mortgage, they will require various documents from you, such as several months of paystubs, current lease documents and proof of payment of rent, bank account statements, employment verification documents, and tax returns.
Your interest rate usually depends on your risk. If your credit score is high, you'll have a lower interest rate. If your credit score is low, you'll have a higher interest rate. To counteract a low credit score, you should put more money down to lower the interest rate. This is often called using "points" but basically just means that the more money you put down, the lower your interest rate will be.