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Before you buy a home, you need to do some preparation. A little study goes a long way if you want to get through the jungle of mortgages, negotiating and home inspections. Let's look at a few tips you can use when buying a home.

It's important to be rational about home prices. If you find a home that has a great price, don't fall in love immediately. Do your due diligence and find out why the price is that good. Is it the personal situation of the seller, or is there something wrong with the house? Buyer beware!

If you're buying a house, you will probably need a mortgage. It's easy to only look at interest rates, but it's not the right way to decide on a mortgage. Never make a decision for a certain mortgage offer just because interest rates are low. Make sure you take the time to go through the fine print. If you don't understand something, ask the lender to explain it in plain English. If he's unable to do that, don't sign. A mortgage is a big obligation and if you mess up now, you can wind up in financial trouble down the road.

If you're not sure about mortgage paperwork, hire a lawyer. A lawyer is trained to find problems, so find a balance between being reasonable and listening to the lawyer. Many times, legal advice can be had at lower prices by looking at community programs in your area. A lawyer isn't cheap, so if you can use one of these programs, by all means do so.

Be sure to inspect your house and your mortgage carefully. It's a big decision, emotionally and financially, so it's worth it to put in the time to prepare. If you can, solicit the experience and knowledge of experts such as lawyers and buyers agents. It may cost you some money, but it's almost always worth it.