Are You Ready To Buy A Home

[deanac24]

Buying a home is a huge investment. Are you ready? If you can answer yes to these questions, you probably are ready.

[FONT=Verdana,Geneva,Arial,Helvetica,sans-serif][SIZE=1][FONT=Verdana, Geneva, Arial, Helvetica, sans-serif][SIZE=2]Do I have a steady source of income (usually a job)? [/SIZE][/FONT][/SIZE][/FONT][FONT=Verdana,Geneva,Arial,Helvetica,sans-serif][SIZE=1][/SIZE][/FONT][FONT=Verdana,Geneva,Arial,Helvetica,sans-serif][SIZE=1][FONT=Verdana, Geneva, Arial, Helvetica, sans-serif][SIZE=2]Do I have a good record of paying my bills?[/SIZE][/FONT] [/SIZE][/FONT][FONT=Verdana,Geneva,Arial,Helvetica,sans-serif][SIZE=1][/SIZE][/FONT][FONT=Verdana,Geneva,Arial,Helvetica,sans-serif][SIZE=1][FONT=Verdana, Geneva, Arial, Helvetica, sans-serif][SIZE=2]Do I have few outstanding long-term debts, like car payments?[/SIZE][/FONT] [/SIZE][/FONT][FONT=Verdana,Geneva,Arial,Helvetica,sans-serif][SIZE=1][/SIZE][/FONT][FONT=Verdana,Geneva,Arial,Helvetica,sans-serif][SIZE=1][FONT=Verdana, Geneva, Arial, Helvetica, sans-serif][SIZE=2]Do I have money saved for a down payment?[/SIZE][/FONT] [/SIZE][/FONT][FONT=Verdana,Geneva,Arial,Helvetica,sans-serif][SIZE=1][/SIZE][/FONT][FONT=Verdana,Geneva,Arial,Helvetica,sans-serif][SIZE=1][FONT=Verdana, Geneva, Arial, Helvetica, sans-serif][SIZE=2]Do I have the ability to pay a mortgage every month, plus additional costs?[/SIZE][/FONT] [/SIZE][/FONT]

[Mindy]

Yes its a good idea to do some financial thinking before starting to look for a new home.

[EugenS]

The most important thing, in my opinion, is to see if you can pay your monthly mortgage. Here's how to test it. Before buying, put aside the future mortgage each month. If you can live without touching that money then yes, you can buy a home.