First-Time Home Buyer Pitfalls (AllThingsFinance.net)

First-Time Home Buyer Pitfalls (allthingsfinance.net)

First-Time Home Buyer Pitfalls (allthingsfinance.net)

First-Time Home Buyer Pitfalls (AllThingsFinance.net)

Buying your first home for most people is the largest purchase they will ever make. Talk about pressure!

Most people cannot pay cash for their first home, so they get a mortgage to finance the property. But getting a mortgage isn’t what it used to be. There have been many changes that have occurred to mortgage qualifications since the housing crash a few years ago, meaning getting financed for your first home can become quite a hassle.

Due to the changing mortgage industry, many people are shooting themselves in the foot when it comes to their qualifications as a borrower. From not being prepared for house hunting to not saving enough money for down payments, there are a lot of problems you can create for yourself.

Check out the infographic below for a list of the 12 most common mistakes first time homebuyers make and our tips for successfully buying for your first home.

First-Time Home Buyer Pitfalls (Infographic)

First-Time Home Buyer Pitfalls (Infographic)

Source : AllThingsFinance.net

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