Grant programs

Once you have researched the grant programs available, it's time to familiarize yourself with the mortgage industry and first time home lending options. There is a plethora of information available online for first time home loans, so you have no excuse not to become educated. You will need to understand the difference between mortgage brokers and bank loan officers, adjustable rate mortgages and fixed rate mortgages, 15 year and 30 year amortizations, and your debt to income ratio, among other things. Your research will ensure you the lowest fees and interest rates on your home financing, thereby saving you money to spend on that fabulous dining room table or big screen television.