You are using an older browser version. Please use a supported version for the best MSN experience.

Do not make these expensive house-hunting mistakes

Lovemoney Logo By lovePROPERTY team of Lovemoney | Slide 2 of 43: We know what you're thinking, surely this is obvious? Well, you'd be surprised. Avoid searching outside of your price range, by working out how much you may be able to borrow based on your income and down payment. Likewise, avoid taking on too much debt, by working out what you can feasibly afford to repay each month. This will help you to decide on a realistic mortgage term, set a budget, and avoid working to keep hold of a house that's frankly too expensive. This is one real estate secret the industry really doesn't want you to know about!

Not knowing what you can actually afford

We know what you're thinking, surely this is obvious? Well, you'd be surprised. Avoid searching outside of your price range, by working out how much you may be able to borrow based on your income and down payment. Likewise, avoid taking on too much debt, by working out what you can feasibly afford to repay each month. This will help you to decide on a realistic mortgage term, set a budget, and avoid working to keep hold of a house that's frankly too expensive. This is one real estate secret the industry really doesn't want you to know about!

© The Agency

lovemoney

image beaconimage beaconimage beacon