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How to Avoid Mistakes when Buying a Home
Make sure you know your budget
Make sure you've got your finances sorted
Inexperienced borrowers
Don't sugar coat reality and a bad credit rating
It's best to be honest here
Lenders consult
Don't assume your assets substitute your income
Consider your borrowing capacity
Repay the loan through a regular income
Make sure you choose a qualified advisor
Make a living from offering advice
Property advisor may not come cheap
Be very careful to select your mortgage broker
Understand your mortgage options
A mortgage insurance involved, if you have less
than 20% deposit
Never underestimate the costs involved in buying a
property
Make sure you adequately research or check out the
home first hand
Dedicated research and good old fashioned
haggling are just as good
Check before you settle on a property
Keep your eyes open for any 'Cover ups'
Make your mortgage repayment strategy
If you can afford to make more regular repayments on your home loan, go for