Today is surely the best time to look for local mortgages. Due to the economy there are a lot of houses for sale. If you are in the situation where you can afford local mortgages, make sure you take advantage of this situation. You can find local mortgages three ways, looking online, calling your bank, or asking your real estate agencies. If you are searching for local mortgages, the best place to start is online. You can research what you need to know about local mortgages before trying to apply for one. There are many tools online which can help you find the best local mortgages. There are calculators which can help you determine how much you can afford on local mortgages. You can compare rates, and see which institutions have the best local mortgages available. You can even apply for local mortgages online. Before you apply, make sure you know which type of local mortgages will be best for you. One thing you should know is if you want a fixed rate or not. You should also know how long you want the local mortgages for. The standard term for local mortgages is usually thirty years. You can get local mortgages for shorter periods as well. All of the information you need about local mortgages is online and available to you. If you do not have access to the internet you can call your bank to get local mortgages. You can get all the information over the phone, and even see if you pre-qualify for local mortgages. You can see if the bank offers specials such as zero down local mortgages. These local mortgages are often offered to first time home buyers. There are also local mortgages with no closing cost. Ask your bank about which local mortgages are available for you. Make sure you ask what the required down payment is for these mortgages, as they may be at least twenty percent.