Learn about the mortgage loan opportunities that are available for first time home buyers. Shop and compare the best mortgage loans with the lowest mortgage rates specifically geared towards first time home buyers. See how much you can afford as a first time home buyer based on your credit, income, monthly expenses, down payment and current mortgage interest rates. Discover how FHA mortgage loans can be a good fit for first time home buyers with low down payment options. Learn about all of the first time home buyer programs available in your state. Access mortgage tools and timely advice that will provide assistance for first time home buyers. Gain knowledge about the most current first time home buyer credits and loan programs that help qualified low and moderate income borrowers. Search for local programs that provide down payment assistance to qualified first time home buyers as well as below market, 30 year fixed mortgage rates that are offered to new home owners. Make obtaining a new mortgage loan for your first home simple with the right resources and tools. Find out more about special home buying programs with our in depth home buyers information guide. Realize the costs involved in obtaining a new home loan and the process from mortgage application to settlement time for a no fuss new home purchase. Review a standard home shopping checklist when comparing homes and home loans. Uncover the benefits of homeownership when you obtain a new mortgage loan quickly and easily.
 
For additional resources regarding current mortgage rates and home laon rates for first time home buyers please see:
10 year mortgage rates today can be found at 10 Year Mortgage Rates
15 year mortgage rates today can be found at 15 Year Mortgage Rates
20 year mortgage rates today can be found at 20 Year Mortgage Rates
30 year mortgage rates today can be found at 30 Year Mortgage Rates
FHA mortgage rates today can be found at FHA Mortgage Rates
Jumbo mortgage rates today can be found at Jumbo Mortgage Rates

Read all the facts for first time home buyers today to help secure the best home loan to meet your needs.


First Time Home Buyers Tips

Reviewing first time home buyers tips is great way to make sure you are prepared to buy a new home. The first time home buyers tips will help with everything from the obvious concerns to more complicated nuances and unforeseen events with new home buyers.

First time home buyers tip number one is to make sure to budget properly for all home costs and home loan costs. It is crucial to consider all expenses of buying a home, from inspection, to maintenance, to repairs, to renovations, to the property taxes and insurance you will soon owe. Review your existing budget as well as a new home budget that covers the big expenses like the monthly mortgage payment to the smaller expenses such as lawn maintenance and utility bills.

The emphasis on being financially prepared cannot be stressed enough. First time home buyers need to be prepared for their home purchase and the financial obligations that come with the purchase. Make sure all of your finances are in order including your current expenses and assets. You should make sure you have enough money in your savings to cover the down payment, closing costs as well as a reserve amount. It’s always a good decision to check your credit reports to see if you need to make any changes in your debt load or correct errors ion you credit report. And by all means, stay organized with all of your financial information including paystubs, checking account statements and tax returns that may needed for the mortgage loan application.

Shopping for the right mortgage loan and right mortgage lender is a key step to make sure the process runs smoothly. If you don’t shop around for the right mortgage lender, you may run the risk of missing out on a better mortgage rate and better mortgage terms. In addition, good preparation with a mortgage lender and an understanding of the mortgage loan process will help avoid any hiccups and hassles with the financing portion of your new home purchase. Mortgage lenders are there to help you, call around until you are satisfied that are your questions and concerns are answered.

During the home search process, don’t get attached too soon to the first properties you see. Avoid falling in love with a property after looking at only one or two homes. Make sure you perform a comprehensive search of homes that are on the market as well as the recent sales prices of homes over the past year. By researching sold homes and those that are on the market you can get a good picture of values and the variety of potential purchases. Keep an eye out for neighborhood information about schools, new development and proximity to services. Buying a new home is a highly emotional commitment, as well as an important financial one.

Before you begin to shop, make sure you’ve done your homework regarding your needs and even your luxurious desires. Some sacrifices will often have to be made, by knowing what you need; you can avoid buying a home based on emotion that will not have great value for your family. In addition, emotion has led to may new home buyers purchasing a home that is over their head because of luxuries that looked good but added little value. While some compromises are going to be inevitable, don’t allow yourself to budge from the things you hold as most important in your property search. Know in advance what you’re looking for and keep that in mind over the course of your search for a new home.

Don’t cut corners when it comes to time to the use of professionals and expert advice. A new home purchase is a big expenditure that requires a lot research and knowledge about real estate, home structures and operations, financing and more. Don’t try to save money by not using an attorney to represent you or passing over on a home inspection. Smart home buyers should insist upon a home inspection in the purchase contract. Look for real estate professionals who share your principles and desire. You may save money in the short term, but chances are you’ll pay for it in the long run. Experts are they to help you for only modest costs relative to the value of the overall commitment.

Avoid buyer’s remorse and getting into a home that is just too big of a financial burden. Knowledge and research will go a long way to making sure your new home purchase is everything you want it to be.

To find current mortgage rate information on new home loans please refer to 15 year mortgage rates, 30 year mortgage rates, 10 year mortgage rates, FHA mortgage rates or 20 year mortgage rates.