The right choice of loan can make all the difference in the long term.
When buying a home most people will negotiate to get the best price they can. But the real price of your home is the cost of the home plus the interest you pay back to the bank. Or put another way, with a cheaper loan you can afford a more expensive home for the same real price.
For that reason I strongly suggest you take the time to shop around for your home loan before you start house hunting.
Example: the power of a cheaper rate
Do you know that you would pay back the exact same amount to buy a $500,000 home on a 6% home loan over 30 years, as buying a $558,000 home on a 5% home loan?
In both cases the repayments are $3,000 per month for 30 years but at the cheaper rate you get a better home which is also worth more in the future.