First Time Home Buyer Dos and Don'ts
There are many first time home buyers out there, thanks to the $8,000 federal tax credit. The deadline to buy is November 30, so hopefully if you're trying to qualify for it you've already well on you're way to buying your first home.
Before and during the home buying process, there are some things that can be done to increase the chances your loan is approved and at a reasonable interest rate, to boot. Read this earlier post to find out some “to do’s” for people considering buying their first home (or even their next home!).
As there are many things you should do to increase your chances of becoming a first time home owner, there are also things you should not. Please take a look at one of our earlier posts that lists some of the "don’ts" for people considering purchasing a home.
Following some of these do's and don'ts are generally a good idea when buying a home. Additionally, taking heed of them could be particularly important right now, given the extra scrutiny on mortgages these days.