How To Get The Best Mortgage

This post by Jill Schlesinger originally appeared on CBS' MoneyWatch.com.

One upside to the recent stock market slide is that interest rates have dropped, which means now is a terrific time to either re-finance an existing mortgage or purchase a new home with a shiny, low interest-rate loan. Yes, you still need very good credit to qualify, but if that's not a problem, it's time to get busy!

Jill Schlesinger is the Editor-at-Large for CBS MoneyWatch.com. Prior to the launch of MoneyWatch, she was the Chief Investment Officer for an independent investment advisory firm. In her infancy, she was an options trader on the Commodities Exchange of New York.