Three Common Mistakes People Make When Buying A Home

Author: Vidit Paruthi - Mortgage Professional | | Categories: Mortgage Broker , Mortgage Professional , Mortgage Services

Read about the three common mistakes people make when Buying a Home in Surrey, BC

Buying a home is not difficult if you know the process and have evaluated the pros and cons of taking such a step. However, if you lack proper knowledge, you can commit some mistakes that can procrastinate the entire process.

To avoid delays in getting your dream home, hire a mortgage provider to help you get the mortgage in time by ensuring you complete all the formalities timely and correctly.

To help you avoid some basic errors that could prove to be costly, Vidit Paruthi - Mortgage Professional, has put together a list of the most common mistakes people make when buying a home.

1. Searching for homes without a pre-approval
This mistake is typically made due to a lack of experience, especially by first-time buyers. It can waste a lot of time and lead to disappointment. Contact a mortgage professional through a source you can trust.

2. Looking to buy a home outside of their affordability
This mistake is made when clients seek a bigger space, resulting in stretched and unaffordable situations. One can consider purchasing a townhome within their affordability and then move up the ladder to a detached home using a gain in equity and a gradual increase in income.

3. Buying a car before buying a home
Due to a lack of understanding on how car loans and monthly payments affect mortgage loan qualification. This mistake should be avoided to achieve higher loan qualifications. Save for a down payment, and buy a car after purchasing a home.

To avoid these and other mistakes, reach out to the expert at Vidit Paruthi - Mortgage Professional. My mortgage services are cost-free! Our mortgage services include mortgage refinancing, renewal, and new home purchases. I serve clients across Surrey, Delta, Burnaby, Coquitlam, Richmond, Vancouver, Langley, Maple Ridge, Victoria, Abbotsford, Kelowna, Kamloops, Prince George, and all across British Columbia.

Get in touch with me today!

For a complete list of my services, please click here. If you have any questions about the mortgage, I’d love to hear from you. For more information, please call me at (604) 842-5265 or email me at