8 Common Home Buyer Mistakes

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

2. Overlooking the importance of location – loving the house will not be enough.

3. Not pre-qualifying for a mortgage.

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

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

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

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

8. 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.