<prompt> Human: Im planning on getting a house around 160K, so I wont have to pay PMI. Im hoping to roll closing costs into the mortgage as well as I dont have other savings other than our emergency fund 7K.Im just not sure what to do next to get my pre-approval. Ive heard about shop for a mortgage, but is there any tool I can use to shop for them?What should I look for besides the interest rate? Are there any banks I should avoid?Id be happy to read on links as well as my admittedly limited Googling wasnt very helpful so far.Thank you!  <response>: Shopping for a mortgage without knowing the difference between APY and APR is a bad idea. Many borrowers confuse APY and APR. Remember that APR takes into account most loan costs points, most loan fees, mortgage insurance, but doesnt account for some other charges, like application fees, title insurance, title examination, appraisals, document prep, and so on. The best way to determine which mortgage lender is giving you the best deal and skipping the marketing gimmicks is to compare the Good Faith Estimate, which is a federally required disclosure in your mortgage proposal. Compare the GFE form between all the lenders you choose to explore, it should be obvious who is giving you the best deal based on this form. Here is an example of what the GFE disclosure looks like: I got the best deal at Amerisave.com. Good luck to you. 