Buying your first home is an exciting time in your life. With careful planning the transition from renter to home owner can be very smooth and easy. There are three important things that every first time buyer should remember as they look for their dream home.

Hold off on big purchases.

You have your credit report in front of you and you are excited to learn that your credit score is higher than you thought. Just because you have the credit, does not mean you should use it. Sure a new minivan would look great on the driveway of your new house, but buying it now, before you finalize your new home loan, could jeopardize things. The bank is going to look at the debts you have when deciding just what kind of a loan you can be expected to repay. If your credit report suddenly shows up with a lot of high balances, the lender may think twice about giving you the loan or may decide since you are somewhat of a risk you need to have a higher rate of interest.

Get a home inspection.

Hiring someone to come in and inspect the home from top to bottom is a very smart move on a buyer