First-Time Homebuyer Mistakes to Avoid
Buying your first home is one of the most exciting decisions you’ll make in your life! It comes with a lot of responsibility, but a lot of excitement too. Before you jump in and buy your first home, know the most common first-time homebuyer mistakes people make. Not Getting Pre-Approved The pre-approval is like your ticket to homes for sale. Sellers want that piece of paper that says ‘yes, they are approved to get financing.’ Getting pre-approved is easy and it makes sellers much more willing to consider your bid. What to do: Find a lender and get pre-approved. Get quotes from a few lenders (three is a good number) to find the best offer. Spending too Much on a Home It’s tempting to want the very best (and we want that for you too) but buying more than you can afford only creates financial problems. Just because a bank says you qualify for a certain amount doesn’t mean you have to spend that much. What to do: Before you buy a home, play with the numbers. See how a mortgage payment