Mortgage News Blog publishes home loan articles for brokers, lenders and consumers. People trust our mortgage blog for breaking the financing stories that matter.

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.



Switch to our mobile site