The Biggest Mistake Most First Time Home Buyers Make
Not knowing what you can purchase is the number one mistake! The answer seems simple enough, but many first time buyers start their search by going on the internet or going to open houses and have no idea what they can qualify for.
Going to a lender to find out exactly what the bank will lend, or what your credit status is, is the first step in purchasing a home. Without this information you do not know the kind of loan you can get or the interest rate you qualify for. Your FICO score can affect your purchase.
Many people start looking for a home, fall in love with it, to find out that they don’t qualify for the home. This type of experience can be tragic for new buyers. Not only is it discouraging but it but it can result in a person giving up. To avoid this type of experience it is important to speak with a professional that can inform you of your price range to know the options available. To avoid wasting time and disappointment, get your information ahead of time. Contact me, I’ll be happy to point you in the right direction.