We’re all first time homebuyers at some point, and the whole home buying and mortgage process can seem daunting. Especially now. The good news is that if you have reasonably good credit, and if you can pony up at least a little bit for a down payment, you are likely to be able to have a successful home buying experience — and probably get a good deal on your new house. Banks.com offers these tips for first time homebuyers:

*Know what you want in terms of mortgages, as well as the new house.
*Avoid risky mortgages (like subprime, ARMs and interest only) and opt for the "boring" traditional fixed rate mortgage.
*Get pre-qualified or pre-approved. This will help you know what you will be able to buy at the outset.
*Save up a little for a down payment. New FHA home loan rules have lowered this amount for their program.
*Shop around for quotes on your mortgage loan.