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Common Mistakes that First-Time Homebuyers Make: An Interview with Andrea Grimm of The Reyna Group

By Andrea Grimm

Tell us a little bit about your company and the services you offer.

Mel Reyna is the company owner and has been recognized by the Houston Business Journal as one of the top 25 real estate professionals in Houston and by Texas Monthly magazine as a Super Agent. I have worked at several firms in the Houston area for over 15 years now, and I take pride with working with this company and with Mel Reyna. We truly are an excellent resource for anyone looking to buy or sell property in the Houston housing market.

What is one of the biggest regrets that first-time homebuyers have about home loans?

First time home buyer loan regrets could be jumping on the first bank that offers a loan. It is a good idea to get at least two lenders to choose to work with. Some internet company lenders might not work well with a buyer who needs a little more personal attention and a lender that knows the market they are doing loans in is another helpful aspect.

What would you recommend that first-time homebuyers should do to prepare for buying a house?

First step is always get approved with a lender before going out to look at homes. Nothing is worse than getting hopes up on houses that might be out of the price range you need to be in. It can be disappointing looking at homes that are too high.

How important is it to know what price range you can afford? How can people calculate what that is?

Always contact a lender to make sure what price range to stay within, The calculations on some of the websites that sell homes are not calculating to anyone's specific financial situation and is always a really rough estimate.

What are a few of the most common mistakes you've seen first-time homebuyers make when it comes to the mortgage process?

The most common mistakes would be not finding out all the costs of the loan up front. Some lenders charge more than others for services provided.

Do you have any tips to help first-time homebuyers in Texas get the best loan terms?

Yes, work with an experienced agent and knowledgeable lender to get the best deal.

What's the best way for people to contact you and your company?

The Reyna Realty Group: 713-868-9300.

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About The Author

Andrea Grimm is armed with 15 year's worth of experience in the business.

Phone: 713-868-9300

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