1. Settling for the wrong mortgage
To be in the best buying position you need to ensure that your loan has been prequalified before looking for a house. You also need to find out how you can afford the house. You can use the many mortgage calculators in the net to see the amount of money that you can borrow . Remember, what the bank can actually lend you and what they have indicated is different. Instead of going to one bank, use an independent broker who can access a variety of finance products and lenders. In short, you need to choose your finance package well.
If you are a first time buyer,buying a home can be a daunting and challenging task. There are many misconceptions that buyers may come across while buying a home. Since it’s oneof the biggest investments that you will ever make, it’s important to make thebest decision. Besides browsing through the property portal while looking for properties in bukit jelutong,you might want to consider these 7 biggest mistakes and misconceptions that about buying a home.
2. Letting your emotions to overtake you
Do not allow yourself to get attached to the house so much that you lose your sense of thinking. While it’s difficult not to get emotional, you need to remember that this is a future investment. If you let your emotions overtake you, you can end up spending more than you can afford. Whether you want a backyard or multiple bathrooms you need to prepare a list of the most important things that you need. However much you have, you will not find a house that meets all your need. It’s, therefore, very important to narrow down to the most important things first.[Read more…] about 7 Biggest Mistakes and Misconceptions about Buying a Home