Yesterday on KNIA/KRLS, we talked about the record low mortgage rates and how it could be a good time to readjust your mortgage. Pennie Sommar is a consumer lender at Iowa State Savings Bank. She says that this may be a good time for first-time homeowners as well. Sommar says that those who are considering buying a home, whether it be for the first or fifth time, should come in for a pre-qualification meeting. She comments that it’s important to know before you start shopping what you can receive. It can also help first-time homeowners understand what they would be actually paying.