Mortgage rates near 3-year lows are tempting - but don’t make these 10 too-common mistakes before trying to buy a home

Lower mortgage rates are bringing more buyers back into the market, but better rates do not automatically solve poor planning. Buyers still need to be prepared on budget, timing, and financing strategy to avoid common mistakes that can delay or weaken a purchase.

Destinee Stice, NMLS 1565498, Vice President of Loan Origination at NewDay USA, discussed why preapproval is one of the most important early steps in the process, noting that buyers who skip it may lose negotiating power, miss strong opportunities, and shop without a realistic budget.