You are initiateing on an exciting journey as a first-time home buyer, and choosing the right home loan is a significant step in this process. To help you navigate this decision, here is a comprehensive guide on what to consider when selecting a home loan that suits your unique needs. First, assess your financial situation. Take a close look at your credit score, which plays a vital role in determining your loan options and interest rates. A higher credit score often qualifies you for lower rates, making borrowing more affordable. If your score is not what you hoped for, consider taking some time to improve it by paying off debts, ensuring bills are paid on time, and avoiding new credit inquiries. Next, evaluate your budget and how much you can comfortably afford to borrow. Calculate your monthly expenses and determine how much you can allocate towards your mortgage payment without stretching your finances too thin. A common guideline is that your monthly mortgage payment should not ex...