A few simple missteps can cost you time and money when applying for a home loan. Here are the ones we see most often.

• Applying with several lenders at once and adding multiple credit enquiries
• Taking on new debt, such as a car loan, before settlement
• Underestimating living expenses
• Focusing only on the interest rate and ignoring fees and features
• Not reviewing your loan regularly after settlement

A broker can help you avoid these pitfalls and keep your loan working for you over time.

This article is general information only and does not take into account your objectives, financial situation or needs. Speak with a Pinnacle Mortgage broker for advice tailored to you.