Common Mistakes First Time Home Owners Should Avoid

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Common Mistakes First Time Home Buyers Should
Avoid





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Introduction

• For a first-time home buyer, finding and buying a
  house can be a daunting, nerve-racking and
  exhilarating process.
• One way to make it less daunting is to avoid
  some common mistakes.
• The key to this is to invest some time in doing
  research beforehand.

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• Ignoring the Home Inspection
• This is a most important step, as purchasing a
  home is a big investment both financially and
  emotionally. You don't, at any cost, want to
  regret your decision later on.
• The home inspection will highlight any current
  problems and concerns that may require attention
  in a few years.
• Its important to know the problems and concerns
  and these should be factored into your decision
  when you consider the length of time you're
  likely to occupy the house and the condition
  itll be in when you sell it!

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• 2) Not Getting Pre-Approved for a Mortgage
• Getting pre-qualified for a mortgage is very
  important, even before you start searching for a
  house.
• Go step-by-step, patiently, and compile your
  documents carefully according to the required
  list youve been given.
• Clean up your credit score by making payments on
  time, pay off any debts, and boost your chances
  of getting pre-approved for a mortgage.
• Its recommended that you seek expert advice to
  make sure your credit score and documentation
  will garner yourself pre-approval for a mortgage
  loan.

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• 3) Over Extend Your Budget
• Make a proper financial plan allowing for hidden
  and unknown costs.
• Make sure youve saved a sufficient money for the
  down payment, insurance, interest, and taxes,
  with some money put aside for contingencies.
• Remember that once your budget is in place, its
  very important that you stay on track with it.
• The mortgage loan company will be very pleased
  to see a budget and even more pleased to see it
  being kept!

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• 4) Not Hiring Professionals
• As a first time home buyer, navigating your way
  through the home buying process can be a
  challenge.
• Its advisable to hire a professional mortgage
  planner who can help make your dream of buying a
  home much easier to achieve.
• Their experience and access to a huge network of
  resources will put you in an excellent position,
  speed up the mortgage application process, and
  ensure an early closing date.

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• Drew Mortgage Associates, Inc. is a leading
  mortgage company in MA with years of experience
  and has qualified home loan officers thatll help
  you in every stage of the home loan process.
• We'll help you to choose a home that'll suit your
  needs and review the right mortgage plan for
  you!
• We are the most preferred mortgage company in
  MA.
• What are you waiting for? Call Drew Mortgage
  Associates, Inc. today!
• To Read more about Common Mistakes First Time
  Home Buyers Should Avoid Click here.

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DREW MORTGAGE BRANCH OFFICES
Drew Mortgage Associates 196 Boston Turnpike
Road Shrewsbury, MA 01545 Phone
508-753-1656 Website https//www.drewmortgage.com
/
Peabody Mortgage Lenders 1 Mt Pleasant
Drive Peabody, MA 01960 Phone [phone]
Boston Mortgage Lenders 232 Commercial St Boston,
MA 02109 Phone [phone]
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