{"id":3189,"date":"2019-10-14T19:32:12","date_gmt":"2019-10-14T19:32:12","guid":{"rendered":"https:\/\/www.sagespring.com\/10-easy-to-avoid-mistakes-for-buying-a-new-home\/"},"modified":"2022-12-20T18:16:45","modified_gmt":"2022-12-20T18:16:45","slug":"10-easy-to-avoid-mistakes-for-buying-a-new-home","status":"publish","type":"post","link":"https:\/\/www.sagespring.com\/10-easy-to-avoid-mistakes-for-buying-a-new-home\/","title":{"rendered":"10 Easy-to-Avoid Mistakes for Buying a New Home"},"content":{"rendered":"\t\t
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Buying a home is a milestone, whether it\u2019s your first or fifth. Moving into a new house represents opportunity\u2014the opportunity to move cities, grow your family, or change your style.<\/p>\n

Whatever your new chapter looks like in your new home, buying a house comes with obstacles. It presents challenges you didn\u2019t know to expect. And, unexpected events can get you in over your head or cause you to lose the house of your dreams.<\/p>\n

Without the necessary research, your exciting home buying experience can turn sour quickly.<\/p>\n

Here are ten home buying mistakes to avoid as you begin this new adventure:<\/strong><\/p>\n

1. Shopping for a house before you\u2019ve applied for a mortgage.<\/h3>\n

Learning how much you can afford is the first step to home shopping. By applying for a mortgage and completing the pre-approval process, you\u2019ll know exactly what you can afford before you begin your search\u2014no wasting time or falling in love with your dream home only to find out you can\u2019t afford it.<\/p>\n

2. Requesting a quote from only one mortgage lender.<\/h3>\n

Before choosing a mortgage, talk with at least three loan officers. By thoroughly researching your options, you\u2019ll make an informed decision. Lenders will vary by interest rates, as well as loan fees and terms.<\/p>\n

Shopping around gives you an understanding of what\u2019s out there, including the welcoming attitude of the lender. Choose someone who makes you feel comfortable and explains your mortgage in clear terms.<\/p>\n

3. Not verifying the accuracy of your credit report.<\/h3>\n

Mortgage lenders will analyze your credit report closely. If there are any mistakes, it could take weeks, even months, to correct your report. This oversight could prolong the home-buying process and ruin an opportunity to buy a home you had your eye on. Free services like Credit Karma allow you to check your credit score and verify the accounts on your credit report.<\/p>\n

4. Failing to account for the extra expenses that come with buying a home.<\/h3>\n

Your mortgage isn\u2019t the only expense you\u2019ll be adjusting in your budget. To avoid sticker shock, remember to add in the hidden costs.<\/p>\n

Here are a few of the expenses you might not have considered:<\/p>\n