As a new homebuyer, it is important to take the time to do your research before starting the buying process. Taking the time to do a little homework can help you avoid making some critical mistakes. You should never assume that the home is in perfect condition just because it is new. You need to get pre-approved for your loan prior to house-hunting. Take the time to shop with at least three lenders. By being pre-approved, you will be less likely to purchase a home that you are unable to afford. Also, remember that you are not obligated to spend the entire amount you are approved for. When you go through the pre-approval process, you will receive a good faith estimate from each lender that breaks down loan costs. Use the estimates to compare the loans to get the best deal. Before purchas...
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