Platonically speaking - how many of you can say you love (or loved) your Realtor? If the answer is "meh" or "no" - you are a victim of a bland or even worse - BAD - real estate
The 5 Biggest Mistakes First Time Home Buyer Make
Dated: 09/10/2018
Views: 299
5 Biggest Mistakes of First Time Home Buyers
It’s More Than Just a Mortgage: Many first time home buyers believe they are ready to purchase a home when they can afford a mortgage payment. However, it’s important to understand that buying a home has many other expenses as well. Homeowners insurance, taxes, Home Association Dues, water and electric bills and maintenance are important monthly expenses some first time home buyers overlook.
Shopping for a Home Before Mortgage Pre-Approval: The most important thing to do before starting your home search is to meet with a lender for pre-approval. This way, you know exactly what kind of home you can afford and what your monthly payments will potentially look like. Shopping for homes before pre-approval can not only waste your time, but can set you up for disappointment.
Not Getting Professional Help: Getting a trusted lender and real estate agent to work with you in finding the perfect home is crucial. It’s important to work with someone who can guide you and give you trusted advice while holding your confidences. Calling different agents and lenders about homes you are interested in holds you back from finding someone who can really advocate for you vs. advocating for the seller of the transaction.
Using all your Savings for a Down Payment: I know it’s tempting to put more on a down payment for a better rate. But, is it really the smartest thing to do? Many people feel that paying a mortgage insurance is worth having a nest egg in the bank.
Getting New Loans Before the Deal is Done: Many First Home Buyers don’t realize that they shouldn’t have their credit pulled, make any large purchases, or apply for another loan while in the process of buying their first home. If you don’t hold off until after your closing, your original loan approval could fall apart.
Image by diamondhomes.com
Laura Kate Perez
Born and raised in Maryland, Laura Kate Perez is very familiar with Frederick and the surrounding counties. Laura Kate holds a Psychology degree from Towson State University, and has worked with local....
Latest Blog Posts
So you want to buy a fixer-upper home but don't have the money saved to make the repairs. What do you do? Talk with your agent who is educated on FHA 203(K) Loans. FHA 203(K) loans
One of the most challenging times for older adults is transitioning from being "empty nesters" in larger family homes to accepting a smaller living space.What makes this such a challenge for
You're buying a foreclosure property, do you need a buyers agent? In a home foreclosure, the seller is the Bank or mortgage lender. The lender in this transaction is trying to recover as much
© BRIGHT, All Rights Reserved
Copyright © 2020, Metropolitan Regional Information Systems, Inc. All rights reserved. Information deemed reliable but is not guaranteed. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of MRIS. Information provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Welcome Home Realty Group does not display the
