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09 Sep 13 Top 5 Errors 1st Time House Buyers Should Avoid in the Loan Process

1. Making mistakes when it comes to a borrower’s credit report. Don’t assume that you should automatically pay off all charge cards and unsecured loans to qualify?

2. Don’t assume you are pre-qualified when may not be.

3. Don’t just work with any loan officer. Choose a lender that has a good track-record closing first time home buying loans with competitive pricing.

Buying a house is not like buying a stereo or even an automobile. The financing aspect of first time house buying is very critical and making the goof choices can save you a lot of money over time. Rates are still great and many lenders have announced more home financing products that have created new opportunities. Read the entire Yahoo blog post.

 

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