Getting a home mortgage loan is not as simple as it was a few years ago. However, with a little planning and diligence you can make the process much easier. Whether you are looking for a home mortgage loan for yourself or with a spouse or partner, certain steps need to be done to increase your options.

Get Your Credit Reports.

There are three credit-reporting agencies that lenders rely on for information before granting a home mortgage loan. They are Equifax, Experian and Transamerica. Whoever is going to be applying for the home mortgage loan needs to get copies of their credit reports from each one of these companies. Go over each one very carefully and look for any inaccuracies. If you do find information that is incorrect, you need to file a claim with them to correct the information. You will likely need to provide them with written proof supporting your position. It normally takes about 30 days for the information to be updated.

Pay Down Debt and Start Saving.

The ability to not only get a home mortgage loan depends in large part on your debt ratio. This is the amount you currently owe versus available credit. Pay off as much credit card debt as you can without sacrificing your savings. If your credit cards are paid off, put as much extra money into saving that you can. If you belong to a credit union, consider refinancing an existing car loan with them. Credit unions don't report to the credit agencies so it may raise your credit score a few points. You still want to include it when figuring out how large a home mortgage loan you can afford.

Collect Documentation.

You will need to supply the lender with all sorts of documentation before they will approve a home mortgage loan. Information you will need for the home mortgage loan includes employment history and stability, income, assets, liabilities, monthly expenses and more. You will need to provide paycheck stubs, tax returns, bank statements, investment earnings, divorce decrees and proof of insurance.

Use Online Resources to Figure Out What You Can Qualify to Buy.

There are dozens of online resources you can use to calculate how large a home mortgage loan you can afford. This is a great way to figure out what type of home mortgage loan is best for you.

Apply With at Least Three Lenders.

Home mortgage loan rates and conditions can vary widely so it's best to shop around. Once you have decided on a number and the type of home mortgage loan you want, apply with three lenders within the same week or so. The reason for this is the inquiries will show on your credit reports, but if it's for a home mortgage loan the multiple inquiries will be treated as one if they are within 30 days.

By following these few guidelines you should have an easier time getting the best home mortgage loan available.