Answer These 4 Questions If You Are Ready To Buy A Home

Answer these 4 questions if you are ready to buy a home:
If you’re reading this, then I’m sure that you’ve heard all about the benefits of becoming a homeowner. From
diversifying your investment portfolio and setting your financial future up for success to having a place that you
can truly personalize and make your own, buying a home is something that many people look forward to.
But how do you know if you’re actually ready to buy a home? Answer these four questions, and you’ll have a pretty
good idea.
1. Do I have a steady job and reliable income? You need to be able to pay your mortgage every month without fail,
so having a good job is key to buying a house. Mortgage lenders also like to see at least 2 years of steady job
history. If you answer no to this, then keep on working and save up more more your down payment in the meantime.
2. Do I have enough money saved for a down payment AND closing costs? Your down payment (the “seed” money
that goes towards your mortgage) is a big cost that you need to save for in advance. But you’ll also need to save
money for closing costs, which can run anywhere from 3-5% of the purchase price of the home. These costs
include title searches, appraisal, inspections, and lender fees. Don’t get surprised by these closing costs, and
make sure you have enough saved!
3. Is my credit history reasonably strong? Your credit score can make or break your mortgage payment and how
much home you can afford. A better credit score will help you qualify for a lower interest rate, while a worse credit
score will make your interest rate higher–and also increase the chances that you might not even qualify for a
mortgage. Make sure your credit is in a good spot before even thinking about buying a home.
4. Do I plan to stay in my home for at least a few years? To make buying a home worth your while, you need to plan
to stay in it for at least a few years and preferably 5-10. This will give your home time to appreciate in value so you
can make a profit when you sell!
If you’ve answered yes to these four questions, then you’re ready to become a homeowner! If you answered some
questions with no, that’s totally fine too because you can turn those into “YES!” with a little bit of time and
👉 I Am Here To Help.
👉 If you are thinking of selling your home or searching for a home in Warner Robins GA, Houston County GA, home of Robins Air Force Base, feel free to reach out.
Call me today for ALL your
Real Estate needs!
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