A great article by Liz Weston tells home buyers what to look out for when buying a home. We recommend reading her entire article as it outlines the 8 biggests mistakes people make, such as:
Not fixing your credit
Not looking for first-time home buyers’ programs
Not getting pre-approved for a loan
Borrowing too much money
Not shopping around for rates and terms
Paying junk fees
Not planning for closing costs
This reference is added to our homeowner articles section
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This article, Homebuyer Advice – Mortgage Mistakes, is just one of our articles from our Mortgage Crisis Daily
The Subprime Mortgage Crisis Before, During, and After
Mortgage Crisis Daily monitors banking problems and customer complaints and has done so since 1999. Writers hold no stock positions. Some material is used under the fair use copyright act.
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