by Kevin Lapp
on Monday, December 11th, 2017 at 10:43am.
1. Not Knowing What They Can Afford Before Making An Offer
The best way to avoid this is to get pre-approved for a mortgage so you know exactly how much you can afford. Usually pre-approvals are free.
2. Not Knowing Who The Agent Represents
Unless an agent is working as your buyer representative, they represent the seller. Many people don't realize this.
3. Choosing The Wrong Mortgage
A bad mortgage can cost you thousands in taxes and interest. It is crucial to find a good lender.
4. Not Finding Problems With The Home Before Buying It
You should always have a professional inspector look at the home before buying it, otherwise you could be looking at huge repair costs later on.
5. Not Understanding How Your Credit Can Impact Your Ability To Purchase Or Refinance A Home
Get a mortgage professional to help you go over and prepare your credit file before you decide to buy a home.