Biggest Mistakes First Time Home Buyers Make

Bangalore: A house is perhaps the biggest purchase one make in their entire lifetime. There are emotions attached when buying a home. Although home shopping is exciting, it is frustrating and scary too, especially for the first time home buyers. Check out the list of costly mistakes home buyers make.  

Not Securing Loan Approval

Biggest mistake that first time buyers do is not securing the loan approval before buying a house. For example, what you know you can afford and what the bank is ready to lend you may not the same. So, it is always better to secure home loan and get pre-approval in the first place. This step will give you an idea where you can estimate your investment depending on the loan amount bank sanctioned to buy a house. Many buyers forget this step and later face problems regarding loan issues and affordability.

Read More: Beware Of These 7 Sales Gimmicks When Buying Your First Home