Usually, buying a home and getting a mortgage can be an easy task if you get trusted advice from a real estate professional. You can end up getting a great deal on a mortgage or end up paying more than you really afford. But, with a major purchase such as a home, hasty decisions can end up costing hundreds of thousands of dollars in the long run.
Prospective mortgage borrowers have to take their time to cover all their bases, including must-do’s such as reviewing credit reports from all credit bureaus and shopping around for low mortgage rates.
These are some common mortgage mistakes that have tripped up many consumers and how you can avoid them: