This video discusses 21 common mistakes first-time home buyers 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 the mortgage company for first-time home buyers, and this is our YouTube. This channel provides straightforward advice for first-time home buyers about mortgages, real estate, first-time home buyer programs, and more. We cover important topics, including how to get approved for a low-down payment mortgage, how to get a better mortgage rate, and the grants and programs for first-time buyers today.
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.com is located at 230 Findlay Street, Cincinnati, Ohio 45214. Call Homebuyer.com at 513-824-8171. Novus Home Mortgage, a division of Ixonia Bank, is located at 20225 Water Tower Blvd, Suite 400, Brookfield, WI 53045. 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. Mortgage applicants are subject to credit and underwriting approval. Not all applicants will be approved for financing. The receipt of an application does not represent approval for financing or an interest rate guarantee. Restrictions may apply, contact Homebuyer.com for current rates and more information. All information provided in this publication is for informational and educational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction. Homebuyer.com does not guarantee the quality, accuracy, completeness, or timeliness of the information in this publication. While efforts are made to verify the information provided, the information should not be assumed to be error-free. Third parties may have provided some information in the publication, which Homebuyer.com has not necessarily verified. Homebuyer, its affiliates, and subsidiaries do not assume any liability for the information contained herein, be it direct, indirect, consequential, special, or exemplary, or other damages whatsoever and howsoever caused, arising out of or in connection with the use of this publication or in reliance on the information, including any personal or pecuniary loss, whether the action is in contract, tort (including negligence) or other tortious action.
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