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Buying a Home - Questions to ask before buying a home
Buying a home - are you ready?
You
can find out if you're ready to buy a home 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 qualify for a mortgage loan to finance buying a home.
>>
Now learn
the advantages of buying a home vs. renting a home.
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