Buying a home is both an exciting and stressful experience for the first-time buyer. Sadly, because it’s their first time at the rodeo, new buyers often make avoidable mistakes that make it more difficult to close the deal, or even worse, live with the purchase they have made. Thankfully, a new HousingWire article identifies the eight biggest mistakes first-time buyers make and offers suggestions to help them bypass these pitfalls. At the top of the list is not watching their finances before closing. Lenders review financial information right before closing. A big purchase that significantly changes the debt-to-income ratio could put a halt to a previously approved mortgage.

To learn more, read the entire article.

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