If you are searching for a mortgage loan and are lucky enough to have a FICO credit score of 680 or higher, then you would have an almost unlimited supply of mortgage deals to choose from. But how should you decide which one to choose? You could spend weeks or months to research all of them, and wind up with a really bad headache in the process.

With a good credit history, you have the luxury of choice, so it would be smart to keep it simple and stick to the basics. You should look for a loan that you feel comfortable with and don’t need to worry about. You want a loan that it’s easier to get approved for, and above all, has a low cost.

So before you start out on the daunting search to find an absolutely perfect loan for your needs, ask yourself a very simple question first: Am I all that different from most other borrowers? do I have good credit and a down payment? Do I have a job? Can I afford the monthly payments on my new mortgage? If the answers to these questions are yes, then there is absolutely no need to go searching for specialized mortgage deals. The conventional loan will be your best bet. This is true no matter whether you are looking for first mortgages or second mortgages.

There’s no need to spend countless hours searching for the perfect loan. Choose a fixed rate loan, or choose an ARM. If you plan on keeping the loan for a long time, or are just conservative, then select a fixed rate mortgage. But if you think the loan the short-term, say 3 to 5 years, then go with an adjustable rate. You can even select a hybrid loan if you think that you’re somewhere in between.

So why should you restrict your choices? The answer is because of pricing. Conventional loans are the most common types found on the market, and almost every lender on the planet will offer them. Since the competition is so steep, each lender is always trying to outdo the other to in keeping prices low and offering the best mortgage deal. Conventional loans are found everywhere, so if they meet your needs, you accomplish nothing by trying to look for something better, except for a lot of wasted time.