If you’re considering financing a home purchase then good preparation is the key to a satisfactory result. Seven common mistakes that first home buyers make include:
- Not getting a pre-approval that allows you to shop with confidence and speed up the formal approval process once you find a property.
- Not knowing your mortgage options.
- Borrowing too much.
- Not conducting your own research.
- Not obtaining pre-purchase inspection reports. Also, fully investigate flood risk as this can dramatically impact your insurance costs, the ability to obtain a loan and resale value.
- Under estimating additional costs.
- Letting emotion rule your thought process. Don’t rush in, step back and really look at the property and the surrounding environment. For more details
We can help you take the stress out of finding the home loan solution that suits your needs. For mortgage and finance help call us now for a free discussion.