Mortgage Expert Blog

Top 10 mistakes first-time home buyers make

April 16th, 2016 | spending, mistakes, first-time home buyer, mortgage, afford

#1 Not knowing how much house you can afford
#2 Spending the maximum you can afford
#3 Not working with an experience realtor
#4 Not getting fully underwritten and approved upfront
#5 Failing to budget for long term repairs and maintenance costs
#6 Failing to budget for property taxes and homeowners insurance
#7 Skipping the home inspection
#8 Not considering the resale value
#9 Not getting it in writing. If it’s just verbal, it’s not legal
#10 Choosing the wrong mortgage product for your need
Mark Merry your Edina mortgage expert. Just call me before you doing anything.