Do not be intimidated when buying your first home. It can be intimidating, but remember, millions have gone before and found the experience quite exciting and even easy. The price you can afford, finding a loan are probably the most important factors. You may ask yourself other questions as well. Where will I come up with a down payment, and how much will I need? Should I buy a new or resale home, and which will go up in value? Should I use an agent or look at homes on my own?

Here is some helpful advice. Remember to keep these things in mind when you look for a home.

Your real estate agent should explain everything involved in the buying process. The concepts are relatively simple. Just because we don't apply for a thirty year mortgage, that is, a legal document that pledges a property to the lender as security, that is, the property that will be pledged as collateral for a loan, for payment of a debt, instead of mortgages, some states use first trust deeds, once a week doesn't mean we have to take the first one that comes along. You'll need to learn some new terms, apply some new concepts and take the time to understand what you're getting into. If anything happens at any point in the process that doesn't make sense to you, simply demand a full and complete explanation. If it still doesn't make sense, seek help from someone you trust like your CPA, your banker or maybe your friendly online real estate columnist.

Please remember that the buyer is the most important person in the buying process. Not the banker. Not the agent. Not the seller who needs YOU to complete the transaction! The agent talks fast and seems to have an answer for everything. The lender, that is, a term which can refer to the institution making the loan or to the individual representing the firm, for example, loan officer which is also referred to by a variety of other terms, such as lender, loan representative, loan "rep," account executive, and others, the loan officer serves several functions and has various responsibilities: they solicit loans, they are the representative of the lending institution, and they represent the borrower to the lending institution are often referred to as "lenders," may decline your loan application which is the form used to apply for a mortgage loan, containing information about a borrower’s income, savings, asset which is items of value owned by an individual, assets that can be quickly converted into cash are considered "liquid asset which is a cash asset or an asset that is easily converted into cash, s," these include bank accounts, stocks, bonds, mutual funds, and so on, other assets include real estate, personal property, and debt which is an amount owed to another, owed to an individual by other, debts, and more, and on and on. But the truth is that you, the buyer, are the one person in this transaction that makes it all happen. If you decide to not buy, the entire process comes to a grinding halt. So flex your consumer muscle and take command of this process. Surround yourself with a team of professionals that you have confidence in and make them work for you.