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How Do I Know If I Am Ready To Buy A Home?

How Do I Know If I Am Ready To Buy A Home?

As you’ll see in this video, you can find out by asking yourself some questions:

  • Do I have a steady source of income (usually a job)?
  • Have I been employed on a regular basis for the last 2-3 years?
  • Is my current income reliable?
  • Do I have a good record of paying my bills?
  • Do I have few outstanding long-term debts, like car payments?
  • Do I have money saved for a down payment?
  • Do I have the ability to pay a mortgage every month, plus additional costs?

If you can answer “yes” to these questions, you are probably ready to buy your own home.

 

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