Posted on Aug 30, 2019

Highlands Residential Mortgage: Kim & Mike DeWitt

Buying a home for the first time can be a wonderful—and intimidating—experience. With so much information out there, it’s easy to feel overwhelmed. There are ways to streamline the process, both from an emotional and financial perspective.
5 Common Mistakes Homebuyers Make
First-time homebuyers can make a few mistakes during the home-buying process. It’s no wonder. It’s their first home-buying experience. And it can be unclear of what needs done when. Here are few of the more common mistakes new homebuyers make.
1. Not Getting a Pre-Approval
Not starting the process early and not getting pre-approved can throw a wrench in the home buying process. It’s useful for homebuyers to know how much home they can reasonably afford. With that knowledge they can adjust their expectations and budget accordingly.
2. Putting Off Credit Issues
3. Making Assumptions About the Down Payment
4. Not Having a Good Real Estate Agent
5. Not Researching Mortgage Lenders
Parsons said that finding a great mortgage lender is a must in a competitive market, especially for first-time homebuyers who don’t yet know the ropes. A seasoned mortgage lender can help you set goals and secure a loan within your budget. What’s more, once you find one you trust, you can feel more confident in their mortgage rates and the steps they can take to help protect your finances.
Access the article at: https://www.credit.com/loans/mortgage-questions/5-first-time-homebuyer-mistakes-to-avoid/
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