Know Your Rights As a Home Buyer

A home buyer life is full of worries and debts and unfortunately they do not have much on their side. They are countered with cross checking, abnormal interest rates, credit reports, credit history and so on. It is simply not easy to walk in and buy a house anymore.
However, for a buyer's relief the government has passed some rules that are beneficial for a buyer and protect his rights. As a buyer you have some rights and the same applies if you are a borrower. Everyone who is buying a house should be aware of their rights.

As a home buyer you do not have to be forced to go to one lender and you have every right to consider several options before you decide. It is your money so you have the right to decide.
The mortgage lender should give you complete information about the costs of loan and how much you need to pay. They should even reveal the hidden fees. If you were denied of a loan, the lender has to give you the reason for it so that you can rectify all the issues and reapply for the mortgage with the same lender or another one. It is also the lenders responsibility to give you the appraisal of the home you are planning to purchase. In addition, if the lender has accessed your credit report and found it unsatisfactory, a copy of it has to be given to you along with the denial of the application.

7 Costly Mistakes Home Buyers Make

Buying a home is a major investment for most homeowners it's the most costly investment they will ever make. It is even more costly for some because they fall into the traps and mistakes such as; paying more than they should for a home, missing out on the home of their dreams, buying a home that doesn't fit their needs. By watching out for the 7 costly mistakes you can take proper action to avoid them.

1. Real Estate Agent - your Buyer Agent should have in place a "VIP Buyer program", "house-hunting service" or "buyer profile system". These systems will match your criteria with all the available homes on the market and send you daily or weekly emails with complete descriptions and photos. This system can save weeks and months of home searching. If your Buyer Agent is not internet savvy and not incorporating one of these into their business you should move on to another agent who works in this century.

How to Get the First Time House Buyer Grant?

As the name itself suggests, these grants are provided only to those people who are buying themselves a house for the first time in their life. The best thing with grants is that we are not supposed to worry about paying them back to the government of the foundation that has provided us with it. This is what we call free money. This is the best way to get some extra help while you are buying your own home sweet home.
Yes sir, those are true words that I just said. You do not have to care about returning it in the future. There are no interests to pay and no mortgages involved. This proves to be a very great help for those who are having a tuff time managing their financial affairs, while trying to buy their first house. These grants are provided by the governments and also some by of the private foundations.

The application process for the first time house buyer grant is slightly different from the rest of the grants.