centerville: Avoid The 4 Biggest Mistakes Made By First Time Salt Lake City Home Buyers - 07/12/11 04:22 PM
First-time homebuyers almost always make a few mistakes when buying their home. Whether they simply paid too much, chose the wrong type of mortgage or forgot to budget for needed home improvements and repairs. Working with a trustworthy, experienced lender can help prevent such mistakes. But consumers also need to take responsibility for their budgets and choices.
Following are the four biggest financial mistakes of first-time Utah homebuyers:
Lenders qualify buyers based on their incomes and debt-to-income ratios without considering how much the borrowers spend on items such as transportation, savings, food and other necessities.
1. Too many first-time buyers believe … (0 comments)