A reputable company will not only help you fix your current credit score, but also help in fixing any mistakes that show up in the report. CONSIDER ALL EXPENSES Remember that the down payment and the monthly mortgage payments aren’t the only expenses forwhich you’ll be responsible. Many buyers make this mistake of forgetting to consider all expenses associated with continued homeownership. As a new property owner, you’ll be paying closing costs, property taxes, homeowner’s insurance, and maintenance costs. Please ensure you’ve budgeted for all these items when shopping for a home loan and more. BE INVOLVED Don’t forget to stay involved throughout the process of shopping for a home loan, researching interest rates, comparing interest rates, and looking for the best mortgage deal. Real estate agents and mortgage brokers have complicated jobs in ensuring their clients get the best deal. As a buyer, ensure you’re involved in every step of the deal. Research has shown that most people spend more time shopping for cars than they spend shopping for home loans. As a result, many buyers end up paying more in closing costs or higher interest rates than they might have because they didn’t bother doing enough research or they didn’t adequately shop the mortgage market. The ever-changing rates can confuse almost anyone, and timing is important. One day the rate might be 5%, and the following day it could rise to 6%. Many people overlook the shopping aspect and approach a single lender to avoid going through the “hassle” of looking for the best deal. These buyers could
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