1.Speak to your bank
2.Make an application
3.They will do a desk review (by the lender)
4.Decide whether you get the loan or not
Down payments are important because you can eliminate Private Mortgage Insurance, it can give you smaller mortgage, and give you instant equity.
Time frame of a loan affects you because you have to pay it back over a certain amount of time and if you don't interest rates go up, and it is bad on your credit.
Value changes of your car or house because after you use it over time it loses value.
Things you should know:
1.Make sure you have good credit
2.Aim for something you can afford
3.Put down a down payment
http://www.ehow.co.uk/video_4971227_get-preapproved-home-loan.html
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