Realty Today finds getting a mortgage crucial if your mortgage of choice is not well thought-out.

If you seek to choose the best mortgage you can invest in, you must be needing a serious sit-down or even SWOT analysis, for that matter.

As you want to think further about what mortgage to choose, here are the top four questions you crucially need to attend to:

How much is the down payment for this loan?

Remember, loans with low down payments costs more, including bigger monthly amortization. You have to know that mortgages generally require a 20 percent down payment. But, you can actually pay as low as 3.5 percent if you quality for the US Federal Housing Administration loan, Yahoo! Real Estate says. Also, as much as possible, make sure you check the minimum down payment and see if you can afford it.

Are there other fees I have to pay, especially hidden charges?

You need transparency as far as miscellaneous fees are concerned. Of course, you don't want to be paying something you don't know exists. So, you can ask this question to your agent in advance. You should be aware of the hidden charges so you won't get surprised in the end.

How much is the interest rate of this mortgage?

Acquiring a property without having to pay in full always gives you the feels. However, the fun can both start and end upon knowing the interest rate. You are fortunate if your interest rate is low but you are the other way around if the interest is a bit high. If you aim for a lower interest, you have to increase your down payment, but if your initial pay is less, then, expect for a higher interest. So, you see, it's actually a "win-win" situation. Yet, to what corner you want to throw your ball is only a matter of choice. Make sure you know where your ball should keep rolling.

What document do I need to prepare?

Real Estate Mortgages are big ones so expect for a long list of requirements for you to comply. Bankrate reveals that lenders, in general, ask for your proof of assets and income, tax returns, bank statements, even recent pay stubs, and other proof of your financial capacity. Take note that more document may be required to show your initial payment and capacity to pay your closing fees.