Having a good plan and knowing what to expect can transform your-first time buying experience into a pleasant and efficient one.

1. The first step that you should follow is reviewing the credit and finances as they will already be studied thoroughly by the mortgage lenders. The first thing to do is asking for a copy of the credit report. Look closely for errors and try to correct them as fast as possible.
2. Reviewing your finances to make certain you can afford the house and it will not be a huge burden for your budget. A very useful tool is an online calculator for monthly payments.
3. Find out as much as possible about the existing types of mortgages, as each of them has advantages and disadvantages. The sentences that must be studied carefully are the ones that begin with "This mortgage might be a good option for you if..."
4. Make a list of the characteristics that you would be interested in when purchasing a house. Make a classification of these characteristics into 'needs' and 'wants'. After finding an agent, preferably recommended by family or friends, get pre-approved for a home loan.
5. Get a house inspection. The roof, foundation, heating / cooling system will be examined by an inspector.