How to Shop for Your First Home

The need for more space was what got Kim and Jason Fitzsimmons thinking about buying their first home. They'd been married for a year and realized that a small apartment, even with two bedrooms, wasn't big enough for all they'd accumulated.

But it wasn't until they had their income taxes done that they learned from a tax preparer about the deductions they could get from owning a home. The Fitzsimmonses then got serious about buying their first home, and about doing it before the end of the year. Deducting the mortgage interest from their income taxes would make buying a home less expensive than renting. While that isn't true for everyone (check with your tax preparer first on home deductions), the couple started doing their homework and soon were out looking for their first home.