Think you’re ready to buy a home? Then answering these 4 questions is your next step!
First, take a look at your income. If you have a steady job and a reliable monthly paycheque, you might be ready for a house!
But don’t forget about savings. You’ll need enough money for a down payment and closing cost–however, you don’t need to have 20% of the house’s cost saved. There are many down payment assistance options out there, especially for first time home buyers.
Next, look at your credit score. Is it in a pretty good place? If yes, then a house may be in your future! If not, there are tons of steps you can take to improve your credit score.
Lastly, you need to know what your mid-range future looks like. To make buying a home make sense, you need to plan to stay in the home for at least a few years, with 5-10 being better. If you can see yourself staying in the same place for that long, then definitely look into buying a home.
Want more info on what goes into buying a home?
Get your questions answered when you download your free copy of the Buyer Guide!
Link below
