Preparing to look for a mortgage can be demanding, especially if you do not understand where to start. You can get a excellent start just from reading these five great mortgage pointers for first time house purchasers.

1. Pay down your financial obligation.

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