When in the market for a new car, you probably don’t take the first deal offered to you at the first dealership. You probably visit a few dealers, get price quotes, determine who’s offering you the best deal, and then go back to the other dealers to see if they can beat it.

Well, obtaining a mortgage on your home should not be a much different process. Unfortunately, 40% of home buyers only obtain one mortgage quote before choosing which mortgage to apply for and only 28% of buyers are confident that they got the best mortgage deal. While mortgage shopping can certainly be a frustrating and time-consuming experience, filled with confusing terms and unanswered questions, it does not have to be.

The next time you go to refinance or purchase a home, you need to shop smart. Obtain a few different mortgage quotes and don’t be afraid to ask the lender questions if there is a detail you don’t understand. Any lender you want to work with will be more than happy to patiently answer your questions.