“BUYING A HOME? DON’T MAKE THESE MISTAKES!”
“Knowledge Is Power”
“BUYING A HOME? DON’T MAKE THESE MISTAKES!”
we have seen the cyclical and roller coaster of the industry!
There is a lot to think about when Buying a Home, and one of the main things we want to make sure of is that we don’t make any major mistakes along the way. As a result, we would suggest you consider these issues in advance of “taking the leap.”
- Don’t Carry a Lot of Debt – When seeking a Mortgage, your Debt-to-Income Ratio will be carefully scrutinized.
- Make Sure You Check Your Credit Rating First – Credit Score may be the single most important aspect in being approved for a Mortgage.
- Make Sure You get Pre–Approved for Your Home Loan – This lets Sellers know you are insincere in your desire to buy a home.
- Make Sure You “Shop” Mortgage Rates – Apply for more than one Loan, thus ensuring that you get the best Rate possible.
- Make Sure You Don’t “Clean Out” Your Savings for the Down Payment – Invariably there are “Unexpected Costs” and you will want to make sure you have enough cash to cover those.
- Avoid Visiting Homes You Really CAN’T Afford – The main reason for this is some – what psychological in nature: Viewing homes you can’t afford may detract you from fully enjoying the ones that you can!
As you can see, there is a lot to consider as you prepare to buy a home, and that is why it is always a good idea to seek the assistance of a Licensed Realtor as you embark on this very exciting journey!
For help with all of your Real Estate needs, contact NATIONS INVESTMENTS at https://nationsinvestments.net/ or follow us on social media @nationsinvestementsaz!
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This Blog was written, in great part, with information gleaned from the following sources:
https://www.cnet.com/personal-finance/mortgages/7-homebuying-mistakes-to-avoid/
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