As of September 2025, mortgage rates have dropped the lowest they’ve been in almost a year, which is causing prospective homebuyers to take a second look. If you’ve never applied for a home loan, however, it can seem overwhelming due to the multiple steps involved. To help sort it all out, GOBankingRates asked ChatGPT to break down the steps of applying for a home loan. Check Out: The Cheapest Place To Buy a Home in Every State Read Next: 7 Ways Your Paycheck Indicates If You're Rich or Middle Class Chec ...