The Most Common Homebuying Mistakes

The Most Common Homebuying Mistakes

April 8th, 2015 | Home Buying Tips, First-time Homebuyers

In the market for a new home? You’ll want to avoid these common mistakes made by first-time buyers – and even those who already have purchased a home or two before.

Shopping Before Getting Pre-Approved

Without consulting with mortgage companies in Utah first, you aren’t going to know how much house you can afford. And if you find a home you want to buy, sellers in today’s market may disregard your offer if you aren’t pre-qualified by a Utah mortgage broker.

Looking for Homes on Your Own

Tap the experience and knowledge of a good Realtor. Especially for first-time buyers, a Realtor can provide another perspective on the home you’re thinking about buying and help you avoid common home-buying pitfalls.

Using Up All Your Savings on a Down Payment

Many buyers want to put as much as possible down on their home purchase to lower their monthly payment and to reduce or eliminate mortgage insurance premiums. But doing so can leave little cash left over for unanticipated expenses.

Making a Big Purchase Before Closing

It’s not unusual for home buyers to lose their financing after making big purchases of items such as furniture and vehicles before their loan is finalized. Your mortgage company may pull your credit report right before closing, and anything out of the ordinary could be a deal-killer. So wait until after it’s a done deal before you buy big-ticket items.

Advanced Funding Home Mortgage Loans

Your Local Mortgage Company

As a mortgage broker in Utah, we work with several mortgage lenders, enabling us to offer you a variety of Utah mortgages and refinance home loans at the best mortgage rates and lowest fees available. Working with several lenders allows us to offer more home loan options to help you achieve your goals. Whether you're buying a home or refinancing, Advanced Funding is here to help. Our mortgage loan officers are available to help you during regular business hours or a time that is more suitable to your needs. Call today for more information, 801-272-0600.

Experience Matters

As one of the most trusted and respected mortgage companies in Utah, Advanced Funding Home Mortgage Loans offers a variety of purchase mortgage and refinance products. Our licensed mortgage brokers are both knowledgeable and experienced to ensure you a pleasant home loan experience at the best interest rates available. We combine the use of technology, impeccable service, a dynamic management team, along with a well-trained, and experienced staff to produce results, such as great mortgage rates, low fees, and most importantly, a fast and pleasant loan experience.

Advanced Funding Home Mortgage Loans
6589 South 1300 East, Suite 200
Salt Lake City, UT 84121

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