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.
LICENSING AND DISCLOSURES Homebuyer.com is powered by Novus Home Mortgage, a division of Ixonia Bank, NMLS 423065. www.nmlsconsumeraccess.org The content in this advertisement is for informational purposes only. Homebuyer is located at 230 Findlay Street, Cincinnati, Ohio 45202. Call Homebuyer at 513-824-8171. Novus Home Mortgage, a division of Ixonia Bank, is located at 20935 Swenson Drive Suite 420, Waukesha, Wisconsin 53186. Reach Novus Home Mortgage by phone at 844-337-2548. We have no affiliation with the US Department of Housing and Urban Development, the US Department of Veterans Affairs, the US Department of Agriculture, or any other government agency. US Government agencies have not reviewed this information, and this site is not connected with any government agency. Equal Housing Lender.
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