Owing a home is something that many people work towards.  In today’s market, there are many new opportunities for first time home buyers to obtain such goal.  First time buyer programs, tax rebates, low prices, good finance rates, and many other factors makes this one of the best times to buy a home.  For some people, it’s just a matter of finding their dream house and they will be ready, but for others getting the financing they need to maintain their own will be a challenge that they will have to work hard for.

Getting approved for a home loan is some what difficult today, but not impossible. The problem lies in the rates that they first time home buyer will obtain when getting approve for their first mortgage. A difference of just a few points can make or break a budget and put a dream home out of reach.  The rates can fluctuate a point or two based on a the first time home buyer’s credit score. Having a better credit score will mean the difference of thousands over the course of the loan, which means it’s important to get the best mortgage rates with better credit. (more…)