First Time Homebuyers and Mortgages

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“We’ve rounded second and are halfway home, so far as the Federal First Time Homebuyer Tax Credit is concerned. First time homebuyers must purchase their principal residence by December 1, 2009- which means that many are now hopping off the fence and making a decision about their next move.

The most confusing aspect of the home purchase for many first time home buyers is the mortgage process. It’s a complicated process for someone who is accustomed to a simple credit check followed by a series of rent payments. So, if you- or anyone you know- is considering a joining the glorious party known as home ownership, check out this article from MSN- 8 Big Mortgage Mistakes and How To Avoid Them.”

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