Title: Mortgage Purchase for your First Home Purchase
1 24 Mistakes to Avoid While Taking Your First Home
Mortgage
3Objective
- First time home buyers face a lot of challenges
that include, getting approved for a mortgage,
finding a good agent, searching for the perfect
home and - most importantly - staying within a
budget. These challenges lead to potential buyers
committing a few mistakes. Some of the most
common ones are as follows
4Mortgage Purchase
- 1) Buying a home has more to it than just paying
house mortgage installments Most first time
buyers go ahead with a mortgage purchase as soon
as they feel that they are ready to make mortgage
payments. They dont consider the fact that
affording mortgage is not the same as affording a
home, which involves various other costs such as
taxes, insurance, maintenance, utilities, running
costs and a lot more.
52) Looking for a home before finding a home
mortgage loan First time buyers are often afraid
to get pre-qualified as they fear rejection or
getting pre-qualified for an amount which is
below their expectations. This is one of the
gravest mistakes that you can make. So, give a
call to All Western Mortgage on 702-850-2790 and
get pre-approved first before you go looking for
homes.
63) Not hiring a professional realtor Some first
time buyers make the mistake of not hiring a
professional realtor, in order to cut costs,
while looking for homes. Well, needless to say,
this mistake is bound to end up in a disaster.
7- 4) Depleting entire or most of their savings on
down payment Spending all or most of your
savings on down payment and closing costs is one
of the most dangerous mistakes. Homebuyers do
this to meet the 20 down payment mark so that
they dont have to pay for the mortgage
insurance. But, paying for insurance is
definitely better than having no money for a
rainy day.
8Contact Us All Western Mortgage
- Address8345 W Sunset Rd, Suite 380Las
Vegas, NV 89113 - Phone 702-850-2790Corporate 702-369-0905Fax
702-906-0153 info_at_awmlending.comWebsite
http//www.awmlending.com/