Subsequent to deciding on the price,buyers need to get a mortgage,which is a loan from a bank to buy property.There are different types of loans available,and it is improtant to consider the interest rate,the required down payment and other fees.After the loan crisis of 2008,many people are choosing to take a class on loans so they do not get in trouble.Banks are following stricter rules about lending money these days.Therefore,the Bergans attended a one-day training class for how to borrow money,and then they went to their bank.There are five step involved in getting a mortgage.Intially,Sarah and her husband,Jim,filled out an application.Next,they made a down payment,about 10% of the loan amount.Next,the bank checked their income,work history,bank accounts,credit history,the sales contract and the property.The bank wanted to make sure that the Bergans were able to afford the loan and the house was worth the price.This step took six weeks.Once the application was finally approved,the closing date was set.Then,the Bergans celebrated-they owned their first home!