Jeanette Velazquez

The Top 4 Mistakes First Time Home Buyers Do When Buying a Home, With Jeanette Velazquez – The First Time Home Buyer Podcast – Episode 35

Jeanette Velazquez is the Senior Manager of Great Lakes Credit Union’s Housing and Financial Counseling Department. She has over a decade of experience in housing and education.

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Resources

Do you want to learn how to buy a house? Join our 10-Day Home Buying Course, delivered every morning in your inbox for free.

Top Tips for Buying a Home

What is your biggest piece of advice you can give to someone trying to buy their first home now

  • Contact a HUD approved agency and come to one of our seminars. We are objective.

What have you seen are the top mistakes homebuyers make? How can they avoid them?

  • Top mistakes
    1. Not shopping around for lenders. Talk to at least 3.
    2. Not knowing how to compare loans. Always compare the APR and not only the interest rate.
    3. Don’t make big changes before closing (like changing jobs, or buying a new car!)
    4. Don’t finance your closing costs. Make sure you have those saved and look for seller concessions as well.

What could help first time home buyers save time?

  • See a housing counselor. That will save you a lot of time.

What could help first time home buyers save money?

  • Shop around for mortgages. You could save thousands of dollars!

How can first time home buyers choose the best professionals to work with?

  • Get referrals and interview those professionals. Also make sure they specialize in the type of buyer you are and in the type of property you’d like to buy

The Ask

Is there anything we can do for you?

  • If you are in Illinois and are looking to buy a home, get in touch with us.

Contact information

Awesome Resources!

1) Join our 10-Day Home Buying Course, delivered every morning in your inbox for Free.

2) Go through the most comprehensive How To Buy A House Checklist to make sure you buy your home with confidence without ever missing a step!

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