Preparing to apply for a mortgage can be difficult, specifically if you don't understand where to start. You can get a great start simply from checking out these 5 fantastic mortgage ideas for first time home buyers.

1. Pay down your financial obligation.

Particularly, your charge card debt. Why? Credit card financial obligation is expensive. The typical interest rate for credit cards currently is 13.8%-- that's double the 5.33% average for a 30-year fixed rate mortgage. Credit…