Mewborn Team Real Estate Consultants: CoastalLuxurySanDiego.com

February 21st, 2010

5 Home Buyer Mistakes That Could Cost You a Bundle – Day 2

Categories: Buyers

Day Two – Yesterday, we talked about credit scores. Today, your task is to investigate:

Getting Preapproved
After you’ve cleaned up your credit as much as possible, it’s time to contact a lender and determine how much you can afford. You will have to provide your credit report, your W-2’s pay stubs, and bank, and investment statements. By getting preapproved, you will save yourself the time and disappointment by looking at homes you know you can afford, rather than getting your heart set on that “perfect” home that is our of your price range. Also, it will put you in a better position to negotiate when you find that right home.

If you have any questions, please contact us. We are always happy to answer your questions or point you to a professional who may be able to help you in your individual situation.

Tags: Buyers, First Time Buyers

Posted by Mike and Amy Mewborn//