Are you a first time buyer looking for a mortgage? First time home buyers need to learn all they can about finding the best mortgage rates in the current real estate market. We provide a quick tutorial and links that provide a wealth of knowledge for anyone that wants to learn about first time buyer mortgage.

1. The first thing we recommend is that you get pre-approved for a mortgage. When you get your mortgage pre-approved as a first time home buyer, you begin to understand the financial hoops you must go through in order to obtain financing from a lender. A pre-approval will help you in several ways.

2. If you choose to use a real estate agent, they'll want you to get a pre-approval as a first time mortgage buyer. If and when you choose to put in an offer on a property that your interested in, the seller of that home will require that you be pre-approved to buy their home. The pre-approval letter should state the name of the lender, the property address you are approved for and the loan amount.

3. Once you have a pre-approval letter for your first time buyer mortgage, make sure you compare rates once you finally find the home your interested in. Many people make the mistake of going with the first lender they contact. This can be the worst mistake of any home buyer, especially if it's your first time. We recommend that you compare with atleast three banks or mortgage brokers to find the best deal on an interest rate for your new home