Now might be a great time to buy your first home.

The market is bloated with houses for sale. Many sellers, eager to move up and tired of waiting, are willing to negotiate. And while interest rates have risen lately, they're still at enticing levels.

It could be the opportune time to become a homeowner if you're ready. That's a big if, because the fallout from the foreclosure crisis has brought stricter loan qualifications that make it harder to borrow money.

Beacon Journal reporters Betty Lin-Fisher and Mary Beth Breckenridge have developed a series of stories to help first-time home buyers determine whether they're ready for homeownership and guide them through the steps involved in searching for, financing and purchasing a home. The intention is to help buyers avoid the mistakes that led to the recent wave of foreclosures and find homes that fit both their needs and their budgets.