In this highly volatile market, you must be cautious when looking to purchase a home. While the market maybe depressed, there has never been a better time to buy. Many first-time home buyers are overwhelmed at all the minutiae that comes with taking on a mortgage. In her recent article, Liz Pulliam Weston, discusses 7 mistakes that many home buyers make when purchasing a new home. Find out how you can avoid some of the booby traps and stay ahead of the Rat Race.

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