Home Buying Mistakes

  • Trying to purchase a home without professional advice.
  • Assuming that since most of the required documentation has been given to the Lender that loan processing can continue normally.
  • Trying to anticipate interest rate movement.
  • Writing a contract before a professional loan qualification analysis.
  • Shopping for a loan exclusively by rates ignoring other fees, references, reputation and track record of the lender.
  • Contracting for more than the loan pre-qualification amount or contracting for a payment that they are not comfortable with.
  • Not having an inspection performed, or using an under-qualified inspector.
  • Not having a solid budget in mind regarding household expenses.