Whether you have excellent credit, good credit or poor credit; make a great income, middle income or low income; have too much debt - are self-employed - have a loan with a pre-payment penalty - or need to rebuild or renew your credit…YOU MUST TAKE A LOOK AT: “Answers To The Most Frequently Asked Questions About Home Loans (And the Top Ten Most Common Mistakes That Can Cost You Big Money)” Dear Homeowner or Homebuyer, You, as a homeowner or homebuyer, are about to make a decision that will effect you immediately and into the future (sometimes for years to come). By financing a new home or by refinacing an existing home, you will be joining literally thousands of others homeowner or homebuyers. You will be faced with one of the most important financial commitments you will ever undertake. Even the veteran homeowner faces challenges everytime he or she looks for a new mortgage. It is amazing how much the mortgage industry changes even monthly (not to mention yearly). During the application process, you’ll be exposed to perhaps hundreds of mortgage options (from reputable and not so reputable mortgage companies).

Mortgaging Your First Home

Securing a mortgage for the first time can be a frightening time in your life. You want to make sure you understand what is going on so the mortgage lender cant take advantage of your lack of knowledge. In spite of numerous laws and regulations it is still better to have a very least a basic understanding of the ideas and systems of the mortgage industry. There are many different deals, incentives and programs for the first time mortgage buyer. Its important to look at each of these in detail to find out if they are worthwhile, and if so, if they are ideal for you and your circumstances when it comes time to mortgaging your first home. The old saying if it seems too good to be true it probably is should be kept in mind at all times. There are whole range of starter mortgage plans dependent on your situation now and what you anticipate will happen in the future. This is not like buying a new computer game.