If you are purchasing a home in 2014 and want to take advantage of the low mortgage interest rates before they disappear, you need to act quickly.  To speed up the underwriting process, have documents to prove your income such as bank statements, tax returns, W2s and investment accounts ready to attach to your loan application.  Because interest rates are expected to rise in 2014, try to lock in an interest rate as soon as possible.  Review your credit reports and correct any problems or mistakes now to avoid delays when underwriters review the reports.

For more tips on getting a low interest rate in 2014 read, “The Most Important Tips for Mortgage Borrowers in 2014.”