7 Common Mistakes of First-Time Homebuyers
Katie McCaskey | Geezeo.com
4. Overestimating How Much You Can Afford
This goes back to being realistic about your income. Just because you’ve been approved for a loan amount doesn’t mean you can afford it.
Are you going to have enough income to pay it back? Your house payment is just one piece of a bigger financial puzzle. What other major expenses do you have on the horizon? Again, home repairs, HOA fees and property taxes are not small expenses & #0151; make sure you’ve done the necessary calculations, and are prepared to adjust your lifestyle accordingly.