Preparing to make an application for a mortgage can be difficult, particularly if you don't know where to start. You can get a good start simply from reading these 5 great mortgage suggestions for very first time home buyers.

1. Pay down your financial obligation.

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