The First Fidelity Mortgage team wishes you the happiest of holidays this season.

As a first-time homeowner, the excitement of fulfilling the homeownership dream may wear off quicker than expected as you trudge along the mortgage application process. The process involves a copious amount of work and understanding the complexities it involves makes it an unenviable task.

A mortgage is one of the best financial tools available if you plan on becoming a homeowner. While your credit scores will play a role in determining what type of a mortgage you qualify for, obtaining a mortgage that suits your requirements and budgets is not an easy task.

If you’re planning on investing in real estate, buying a house, or refinancing an existing home, it’s mandatory to know about any changes in the market or rules. This knowledge will help you to plan better if you’re aware of a change in real estate or lending regulations or an increase or decrease in rates.