Buying a home is an exciting time.

Don’t let your emotions get the better of you before, during and after the home buying process.

You need to be aware of what mistakes you don’t want to make so you and your family will be protected from a lot of heartache.

1. Not having a budget.

Know what you can afford before you start. You might even try a couple of months of “practice payments” to make sure you aren’t stretching yourself too thin.

2. Not getting pre-approved

….for a mortgage before starting your search for a home. It takes time to get preapproved. Many home owners won’t allow potential buyers to look at their homes unless they have a pre-approval letter.

3. Buying furniture on credit or getting another credit card after you have been pre-approved for a mortgage.

Your pre-approval is based on your debt ratio and your credit rating. If you buy something on credit it will change your debt ratio. If you add a credit card, it will change your credit rating. You don’t want to invalidate your pre-approval.

4. Not using an experienced Realtor.

An experienced Realtor will help you avoid making any costly mistakes when buying a home. They can save you time by searching for neighborhoods and homes that meet your needs.  An experienced Realtor will also keep your interests at heart with the contract negotiations.

5. Not comparing mortgage packages.

Many mortgage programs may appear to have a lower rate or payment. You need to compare the program offered to other programs available to ensure that you are not faced with any surprises down the road. Always read the fine print.

Russie Weidl
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