Raul sanchez de varona - How to Avoid Mistakes when Buying a Home

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Make sure you know your budget


Make sure you've got your finances sorted


Inexperienced borrowers


Don't sugar coat reality and a bad credit rating


It's best to be honest here


Lenders consult


Don't assume your assets substitute your income


Consider your borrowing capacity


Repay the loan through a regular income


Make sure you choose a qualified advisor


Make a living from offering advice


Property advisor may not come cheap


Be very careful to select your mortgage broker


Understand your mortgage options


A mortgage insurance involved, if you have less than 20% deposit


Never underestimate the costs involved in buying a property


Make sure you adequately research or check out the home first hand


Dedicated research and good old fashioned haggling are just as good


Check before you settle on a property


Keep your eyes open for any 'Cover ups'


Make your mortgage repayment strategy


If you can afford to make more regular repayments on your home loan, go for it


Decide whether you're buying for living or buying for investment


Think about your prospective rental market needs and wants


Ensure your property is distinguished


Thank You


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