3 Common Mistakes First-Time Home Buyers Make

Look out for these pitfalls before you take the leap into purchasing a home.

Everton Allen, now 28, graduated from college and was living with his parents while working as a graphic designer for the Miami Dolphins when he decided he wanted to start his own company and buy his own home.

“I’d saved for a down payment over several years,” he says. “But I was worried it wouldn’t be enough, and that not having a traditional salary would affect my ability to qualify.”

Such misgivings are common — prevalent, even. READ MORE

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