Mistake #5: Cash Poor Buyers – You may not be as cash poor as you think you are!

When it comes to putting together a downpayment, this little tip can make a big difference.

Consider every possible source of cash – do you have insurance policies or retirement saving plans that can be used for buying a home? Look into the rules thoroughly even if you think you aren’t eligible; your banker or your real estate agent may not be aware of all the loopholes either. 

While many retirement plans limit dipping in to first-time homebuyers, the definition of a first-time buyer may simply be someone who hasn’t owned a home in the past five years.

That’s all for now. Stay tuned for mistake #6!

If you just can’t wait and you’d like to get the entire report revealing all 15 buyer mistakes, all in one shot, please visit my website.