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- Buying a home might be the most important financial transaction of your life.
- Many people need mortgages to help finance their homes.
- We asked an expert for advice on mortgages for first-time home buyers.
- Visit Business Insider's homepage for more stories.
Buying a home might be the most important financial transaction you'll make in your life.
If you're looking to become a homeowner, you'll likely be considering a mortgage to help you finance the purchase.
We asked Danny Gardner, Freddie Mac's senior vice president of single-family affordable lending and access to credit, for his best advice on mortgages for first-time home buyers.
From finding down-payment resources to understanding lender fees, here are eight things Gardner thinks every home buyer should know about mortgages: