Preparing to look for a mortgage can be demanding, particularly if you do not understand where to start. You can get a great start just from checking out these 5 excellent mortgage tips for first time house purchasers.

1. Pay down your financial obligation.

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