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Are you ready to buy a Home?
The following questions will help you to determine if you are ready
to buy a home:
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Question |
Yes |
No |
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Do you have a steady source of income? This usually means
having a job or other source of income. |
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Have you been employed on a regular basis for 2-3 years? |
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Is your income reliable? |
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Do you have a credit history? Have you ever borrowed money
for any purpose? |
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Do you have a good record of paying bills? |
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Are you able to pay your bills and other debts? |
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Do you have the ability to make a mortgage payment every
month, plus handle additional costs for taxes, insurance,
maintenance, and repairs? |
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Do you have money saved for a down payment and closing
costs? |
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If You Answered “Yes” to All These Questions
you may be ready to buy a home.
If You Answered “No” to Any of them
you might need to correct those areas first. To correct any areas,
or to learn more about buying a home, look for homebuyer education
classes in your area. These classes are a good source of information
and will help prepare you for home ownership. |
