Where can I find more information about first time buyer mortgage?

Buying a house can be a challenge for the first time home buyer. After all, there are so many measures, duties, and criteria, and you can be anxious about making a costly error. Yet first-time homebuyers actually receive certain unique advantages created to attract potential entrants to the real estate market.

When you apply for a mortgage as a first time home buyer, the lender can determine your viability by looking at your annual salary and all other revenue you collect, as well as all expenditures, including credit card and personal loan , hire purchases, household expenses, childcare, travel and general living costs.

The lender can also review your credit background and see whether you are a reliable creditor and use this and its affordability rating to determine how much you can borrow.