Navigating the mortgage process can be daunting. Here are several common pitfalls to avoid:

1. Not Shopping Around: Many borrowers make the mistake of accepting the first loan offer. Shop around to compare rates, fees, and terms from multiple lenders to ensure you get the best deal.

2. Overlooking Total Costs: Consider all costs associated with the mortgage, not just the interest rate. Fees, points, closing costs, and insurance can all impact the overall cost of your home loan.

3. Borrowing Too Much: Just because you qualify for a certain amount doesn't mean you should borrow the maximum. Ensure your monthly payments are manageable and consider future financial plans and uncertainties.

4. Ignoring Credit Health: Your credit score significantly affects your mortgage terms. Regularly monitor your credit report and score, correct any inaccuracies, and improve your credit health before applying.

5. Failing to Read the Fine Print: Understand all the terms and conditions of your mortgage agreement. Pay attention to the fine print to avoid surprises related to balloon payments, prepayment penalties, or adjustable rates.