First Time Buyer Mortgage is looking really good right now with the interest rates so low. I know the economy is taking a downward turn but if you ever thought about buying a house, now is the time to take the plunge. House prices are falling really fast as people are getting closer to foreclosure. I am starting to see a lot of places going for a short sale to get out of the payment as quick as possible and the banks they are financed with are helping them get the paperwork done because if they go into foreclosure the bank is stuck with the house and trust me when I say the bank does not want that house. Take sometime to check this out, if you though you could never afford a house you might be able to afford one now. Just remember do not buy bigger then you need or can afford. That piece of advice will say you a lot of possible heartache down the road. And watch out for those ARM’s.