If this is your first time buying a home of your own, you're in the right place! According to the federal government, you are also considered a first-time homebuyer if you haven't owned a principal residence in the last three years, and you may be eligible for tax credits. Before you get too far along in this new and exciting prospect of shopping for your first home, it pays to be prepared.

• Your new home will probably be the biggest investment you've ever made. Is it the right time to buy now?
• What are the pros and cons of renting vs. buying a home?
• What do you really want and need in your first home?
• What can you afford? Use our mortgage calculator to help you figure out a payment that fits into your budget.
• What are the different types of home loans available?
• Before getting a loan, how do you check your credit report to make sure it's accurate?
• As a first-time homebuyer, what federal tax incentives are available?