COMMON HOME BUYER MISTAKES

• Going over budget — just because you qualify doesn’t mean you can afford the monthly payments, plus all your other ongoing costs.

• Overlooking the importance of location — loving the house will not be enough.

• Not pre-qualifying for a mortgage.

• Not shopping for the most suitable mortgage to match your requirements.

• Not understanding all the terms and conditions: interest rates, length of contracts, mortgage types and rates, etc., before selecting your mortgage.

• Buying a new home before you've sold your old home.

• Not understanding the true costs associated with buying your home.

• Not using professionals to assist in all aspects of your home purchase, including a mortgage advisor, home inspector, lawyer, notary, and/or a moving company.