Buying your first home can be a challenging thing. There are many things that go into buying a house that the first time home buyer may not know about. One thing that goes into buying a home is a down payment. A down payment is money you put up front to buy the house. The more money you put up front the less you will have to pay back to the bank. Another thing that a first time home buyer may not know about is a mortgage. A mortgage is a monthly or bi-weekly payment to a bank for loaning you money to buy real estate. This loan is back by the house so if you miss any payments the bank will usually take the house away from you. Another thing when it comes to mortgage is interest rates. The higher your credit score is, usually the lower the interest rates will be on the mortgage. Read more ...