Loan Advice from Dana

A home loan is the biggest debt and monthly expense most of us will ever have. That's why the 7 biggest mistakes borrowers make when shopping for a home loan can be so costly and aggravating. 

Mortgage Mistake 1. Wondering if you paid too much for your home loan.

Mortgage Mistake 2. Applying for a loan without checking your credit reports for errors.

Mortgage Mistake 3. Not getting preapproved for a home loan.

Mortgage Mistake 4. Saddling yourself with payments you can't afford.

Mortgage Mistake 5. Blowing all of your savings on the down payment and closing costs.

Mortgage Mistake 6. Ignoring state programs for first-time home buyers.

Mortgage Mistake 7. Missing nasty surprises in your good faith estimate.

Click here to see how you can easily avoid these mistakes.