(ARA) - If you're in the market for a new home, new car or even a personal loan you could benefit from the recent interest rate cuts on loans. What's more, the rewards could be even greater if you check your credit before applying for a loan. To make sure that you're getting the best mortgage rate available in the market, it is important that you also obtain all information on important costs involved. Getting the best mortgage rate is knowing how much of a down payment you can afford. Aside from that, getting the best mortgage rate is knowing what is the interest rate of your loan.