Most people look forward to owning a house because it is the ultimate investment. However, purchasing a good home that suits an individual or family's needs requires a lot of money that most people cannot afford. Thus, it forces people to look for mortgage loans as the best financing option. Many people do not understand the requirements and procedures involved when buying homes through a mortgage, thus needing assistance. Mortgage lenders usually consider the borrower's creditworthiness, capacity to repay the mortgage, and collateral.