This video discusses 21 common mistakes first-time homebuyers make and how to avoid them. We cover everything from getting pre-approved for a mortgage to budgeting for maintenance and repairs. Confidently navigate your homebuying journey to buy the home of your dreams.
TIMESTAMPS 0:00 Intro 1:26 Mistake 1: Skipping The Pre-Approval 2:16 Mistake 2: Letting Your Lender Max Your Payment 3:09 Mistake 3: Letting Your Pre-Approval Expire 4:20 Mistake 4: Hiding Important Information 5:16 Mistake 5: Leaving Too Little Time To Raise Your Credit Score 6:37 Mistake 6: Looking For The Perfect House 7:16 Mistake 7: Falling In Love With A House 7:48 Mistake 8: Changing Jobs To A New Pay Scheme 8:38 Mistake 9: Waiting To Save 20% 9:14 Mistake 10: Avoiding Mortgage Insurance 9:46 Mistake 11: Cashing Out All Of Your Savings 10:19 Mistake 12: Rushing To Buy A Home 10:42 Mistake 13: Getting Advice From Everyone 11:47 Mistake 14: Planning Two Homes Ahead 12:32 Mistake 15: Using The Seller's Real Estate Agent 13:13 Mistake 16: Waiving Your Backout Clauses 13:50 Mistake 17: Not Checking For Home Affordable Mortgages 14:27 Mistake 18: Forgetting To Insurance 15:50 Mistake 19: Going Cheap On Insurance 16:38 Mistake 20: Not Accounting For Closing Costs 17:26 Mistake 21: Not Budgeting For Maintenance & Repairs 18:18 Mistake 22: Assuming This List Covers Everything 19:16 Outro
ABOUT OUR CHANNEL Homebuyer.com is a mortgage company with a federal mortgage lending license. We are a lender, not a mortgage marketplace. This channel gives straightforward advice about mortgages, real estate, and how to buy your first home. We cover important topics for renters and other first-time buyers, including how to get your mortgage approved, where to use low- and no-down payment mortgages, and how to find federal, state, and local programs that give tax credits and cash grants to first-time home buyers.
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