Mistakes

Prevented By

1.  Not knowing how much they can afford to pay for a house before they make an offer.

Get pre-qualified for a mortgage from a Lender, so you know in advance exactly how much you can afford.

2.  Not finding out in advance whom the real estate agent represents.

Asking your Realtor.  Most people think their agent is working for them.  But unless the agent is working as your buyer representative, he/she represents the seller.

3.  Not realizing that the wrong mortgage can cost thousands of dollars in unnecessary interest and taxes.

Consulting with a mortgage consultant, accountant, and/or financial planner before making a final decision on which mortgage to choose.  CPAs can tell you the long-term effects on your income.

4.  Not discovering hidden defects before buying a home.

Hiring a professional to conduct a pre-purchase home inspection.

5.  Not knowing how debt can affect their ability to buy or refinance a home.

Asking your mortgage professional to help you   review and repair your credit file in advance.