Shopping for MorgageHi everyone, I want to buy a house (first time) and have some questions about getting the loan: 1) When checking with a lenders, they quoted a rate based on 20/80 and exellent credit. So in a way, I won't know if or what I am qualify for until I accually apply, is that right? 2) When applying, I have to pay a fee. So to shop around, does that mean for each lender, I have to fork out that money? That seems wasteful to me. 3) Each time a lender pull my score, it goes down, if thats the case, shopping around seems bad. So to finallize, what do I need to do to avoid #2 and #3 from happening? And how do I compare each lender since each of them have different rates based on points and different application fees.November 20 2011 - Houston00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.