Are you shopping for a new home? Do you know how to get the best mortgage ratepossible? Try one of the steps below to potentially get a much lower mortgage rate than what you would normally be offered.

• Use a mortgage broker. They make their living pairing buyers with creditors. Regardless of your credit, be it good or bad, seek the advice and services of a mortgage broker. Chances are pretty good that they will be able to offer you a more competitive mortgage rate than what you would be able to attain on your own.

• Show your savings. Many creditors want to know that you have some kind of savings or investment program in place. Showing them that you are saving or investing money will demonstrate your financial responsibility, and they in turn will be more inclined to want to bring you on as a customer.

• Cut your debts. Prior to applying for a mortgage, pay down your current debts, including credit cards, retail cards, and personal loans. The less debt that you walk into an application with, the lower that your mortgage rate is going to be. Having less debt means that you have less risk for delinquency, and that means that they will want you as a customer.