Securing mortgage financing and determining the cost of your mortgage is a pivotal part of buying a home. An Exclusive Buyer Agent (EBA) will assist you in locating the best interest rate and the lowest total fees for your mortgage transaction. As an informed consumer, you should always compare the mortgage rates, terms and all of the related fees before selecting a mortgage lender.

Careful preparation and the assistance of your EBA can help save you thousands of dollars over the life of your mortgage. Home buyers typically think of a mortgage as a means to an end—home ownership. They rarely think of it in terms of how much of their hard-earned money is going into someone else's pocket.

How much house you can afford and how much will your mortgage cost? These questions have two legitimate answers—yours, and the lender's. Both answers are payment driven. The lender's answer will be based upon income and credit expense ratios. Your answer will be based upon how important your home is to you and your family, and how much you are willing to allow the financing of home ownership to affect your lifestyle.

An EBA will assist you in your dealings with lending institutions or mortgage companies to protect and promote your best interests. Your EBA will help you evaluate and secure the best mortgage, explaining in detail the forms you are signing, the terms of the loan, closing costs, points and interest rates.

One of the most important benefits of working with an EBA is that he or she will seek home financing that is as advantageous to you as possible, given your financial circumstances.