Mistake #1 Not Being Prepared
When you consider the scope of the purchase, it’s surprising how many people haven’t done sufficient research.
Research your buying power- It’s easy to get a cursory idea of what you can afford by looking online. Take a look at our mortgage calculator to get an idea.
Once you have an idea of what you can afford its time to have a sit down with a professional. You can find out exactly what you can afford by talking to a qualified Mortgage consultant. If you need a referral we would be happy to give you one. When it comes to making an offer on a home, sellers are only looking at offers form pre-qualified buyers. Mortgage companies offer a loan approval letter to sellers to verify their ability to close on a loan.