So many homebuyers have made so many mistakes. Myself included when I bought my first home. But I'm not alone - many homebuyers made critical missteps and decisions because you're not informed or don't ask the right questions. They overpaid, overspent, and bought homes they just could not afford. It's been painful to watch because a huge percentage of the home-buying and home-owning problems could have been avoided had those homeowners known what they have now learned the hard way.
Here are 5 missteps I hope you won't be trying to "wish away" when you buy your house!
- I wish I hadn't borrowed the full amount the bank told me I could afford -This is not the time to buy the most expensive house you can with the money and credit you've got. No, in fact whatever the bank will lend you, take 20% less. Let's say you go to a bank or a mortgage broker to get preapproved for a mortgage. You say, "I want to buy a house; how much of a mortgage will you give me?" In other words, "What