Getting trusted mortgage guidance is essential when buying a home in Virginia, but it’s equally important to know how to use that advice effectively. Even with expert support, many buyers make mistakes that delay approvals, increase costs, or complicate the process. Mortgage expert Duane Buziak shares nine common mistakes to avoid so you can enjoy a smooth homebuying journey.

1. Not Getting Pre Approved Early

One of the biggest mistakes is skipping pre approval. Without it, you risk wasting time on homes outside your budget and losing out in competitive bidding situations. Trusted guidance ensures you get pre approved quickly and accurately.

2. Ignoring Your Credit Profile

Even with expert advice, failing to review or improve your credit score can limit your loan options and increase your rates. A mortgage advisor helps you pay down debts, resolve inaccuracies, and strengthen your credit before applying.

3. Choosing the Wrong Loan Program

Virginia offers many mortgage options, including conventional loans, FHA loans, VA loans, and first-time buyer assistance programs. Selecting the wrong loan for your financial goals can cost you thousands. Expert guidance helps you choose the best fit.

4. Overlooking Virginia Assistance Programs

Many buyers miss out on valuable state and local programs like VHDA grants, down payment assistance, and veteran-focused housing benefits. Trusted mortgage experts ensure you explore every available opportunity to reduce upfront costs.

5. Failing to Compare Lenders and Rates

Even with guidance, some buyers stick to the first lender they encounter. Use tools like Rate Champion to compare multiple Virginia lenders efficiently and secure the most competitive rates and terms.

6. Underestimating Total Homeownership Costs

Relying only on monthly mortgage estimates without considering closing costs, property taxes, insurance, and maintenance expenses can strain your budget later. Trusted advisors give you a full picture of costs to avoid surprises.

7. Making Major Financial Changes Mid-Process

Opening new credit lines, financing large purchases, or taking on new debt during the approval process can derail your loan. Always consult your mortgage advisor before making significant financial moves.

8. Misunderstanding Pre Approval Validity

Pre approval letters typically expire after 60 to 90 days. Applying too early without refreshing your letter could cause delays when making offers. An expert ensures your pre approval stays valid throughout your search.

9. Skipping Professional Support at Closing

Virginia Trusted Mortgage Guidance Home Buying think they can handle closing on their own, but missing key details can lead to costly mistakes. Working closely with a trusted mortgage expert like Duane Buziak ensures your paperwork is accurate and the process stays stress-free.

Final Thoughts

By avoiding these nine mistakes, you can make the most of trusted mortgage guidance and buy your Virginia home with confidence. With Duane Buziak’s expertise and tools like Rate Champion, you’ll secure better terms, avoid pitfalls, and enjoy a seamless homebuying experience.
Contact us
duane@coast2coastml.com | 1 804-212-8663
4860 Cox Rd, Glen Allen, VA 23060, United States