September 28, 2021

7 mistakes to avoid before buying a home

Despite your best intentions and degree of financial literacy, it’s possible to make regrettable mistakes prior to purchasing a home. Some missteps are bigger than others, but all can cost you in the form of more expensive mortgage financing or – worst of all – a denied loan.

When you are preparing to claim a home and obtain a mortgage loan, it’s crucial to position yourself as a favorable borrower candidate who demonstrates creditworthiness and good financial common sense. Problem is, being human means we are prone to make mistakes, even at the worst possible time.

Take the time to understand and avoid common errors that can result in serious borrower remorse.
Read about the seven mistakes that can cost you when buying a house, my latest topic for The Mortgage Reports, available here.