Purchasing your first home is an exciting process. You can find the right place for you and make it your own. Because buying a home is likely one of the biggest financial decisions you make, you should understand the process to get the best results. The following are mistakes to avoid as a first-time homebuyer. Not Shopping Around for a Mortgage Lender Compare mortgage offers to get a good deal on the interest rate and closing costs: Mortgage rates and fees can vary by le