If you're a first time home buyer then there's a good chance you are getting lots of conflicting information, from the Internet, your friends, family and co-workers. We hear things from when we're speaking to our buyer clients that never cease to surprise us as it's so often incorrect. There's a lot to consider and some prep work required. Here it is, a definitive guide to preparing to buy your first home.
Getting Ready: Mortgages and Financing
1. - Start saving for your down payment.
It may seem obvious, but if you're going to buy a home you're going to need money and the sooner you start saving, the sooner you can start looking for a home in earnest. Saving for a down payment is frequently the biggest hurdle for first time buyers, so it…