Most people don't understand everything that goes into buying a home. This blog summarizes the top mistakes that home buyers make, simply because the experience is new to them.
Mistake #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.
Mistake #2. Not realizing that the wrong mortgage can cost thousands of dollars in unnecessary interest and taxes.
Consult with a mortgage consultant, accountant, and/or financial planner before making a final decision on which mortgage to choose.
Mistake #3. Not discovering hidden defects before buying a home.
Hire a professional to conduct a pre-purchase home inspection.
Mistake #4. Not knowing how debt can affect their ability to buy or refinance a home.
Ask your mortgage professional to help you review and repair your credit file in advance.
To learn more about mistakes home buyers make and how to avoid them, contact Kammeyer Realty Group at 317-570-3800 or visit www.KammeyerRealtyGroup.com.
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