Avoid these 4 errors
First-time homebuyers almost always make a few mistakes when buying their home. Perhaps they pay too much, choose the wrong type of mortgage or neglect to budget for needed home improvements.
Working with a trustworthy, experienced lender can help prevent such mistakes. But consumers also need to take responsibility for their budgets and choices.
"Before buying a home, consumers need to develop a short- and long-term perspective on their purchase," says Michael Harrison, regional manager at U.S. Bank Home Mortgage.
Lookup the lowest mortgage rates
Following are the four biggest financial mistakes of first-time homebuyers: