Preparing to look for a mortgage can be demanding, specifically if you don't know where to begin. You can get a good start just from checking out these 5 great mortgage ideas for first time home purchasers.

1. Pay down your financial obligation.

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