Some buyers fall into\ncommon mistakes when deciding to purchase a financed property. You are at\nsituations we encounter on a day-to-day basis working with customers in our\ncompany, in addition to being Realtors, we must be advisors to those who place their trust in us.\nyour confidence when buying a real estate property.<\/p>\n\n
Throughout the years of\nI have discovered some of those mistakes that can be made in this worthy profession.\nI include the following in this list:<\/p>\n\n
1.- Try to fix the\ncredit history just prior to purchase.<\/strong><\/p>\n\n The\nbuyers may be disadvantaged if they do not consult a financing expert.\nbefore acting on their own. “Even if it cancels part of the balance of its\naccounts, which is good in terms of credit scoring, it could be\nnegative if you are left with little liquidity that you may need for qualification\nof the loan”.<\/p>\n\n 2.- Do not consider your plans\nfutures at the time of purchase.<\/strong><\/p>\n\n The\nbuyers should consider that a property is not only for today, but also for the future.\nfor the next 5 to 10 years. If they plan to increase the family, they may need a larger house and maybe a\ndifferent location with respect to schools. Also how long\nplan to live there and what type of mortgage is most appropriate for their budget.<\/p>\n\n 3.- If they fail in their search for\nfinancing.<\/strong><\/p>\n\n First\nlooking for the property and then the financing? NO,<\/strong> in the current market\nbuyers must be well-qualified for the mortgage loan before they can apply for the loan.\nto go out to look for the property, because the most important thing is to know its power of\npurchase. The time to make the decision on the mortgage they need not\nis 10 days<\/strong> after signing a contract, to make\nbid is required to have proof of available cash and\/or pre-approval from\na loan.<\/p>\n\n