The first and most important decision that a first time home buyer can make is to get pre-approved to purchase. 

A mortgage pre-approval is different than a simple pre-qualification. Sometimes even real estate agents are confused by the terms, so it’s no wonder that home buyers are too.  Although related, the two terms each signify a different level of approval from a lender...

In today’s competitive housing market, where you may be competing against multiple buyers in a bidding war, you may be tempted or even encouraged to write a “clean” offer to purchase, without including any conditions.  This is a binding sales contract once the sellers accept your offer.  The most common conditions placed in offers allow buyers time to obtain their financing commitment from their mortgage lender, and may also include a satisfactory home inspection...

Having problems finding your dream home?  Have you said, "great home, great location, too bad the kitchen is so outdated?"  Don't overlook these properties, as there are mortgage programs available that can help you get into the home with the dream kitchen or hardwood floors you so badly want.  These programs save you the inconvenience or hassle of arranging a second loan after closing to do the improvements...