YOU THINK YOU ARE READY TO BUY A HOME?
MAY BE YOU ARE NOT! Adrian Bates
WWW.THEPOWERISNOW.COM
YOU MAKE INADEQUATE MONEY
Although you might think that you have just enough money to buy a home, most of the time, you don’t. Calculate the money first and see what the overall cost looks like and if you can actually afford it. Buying a home requires upfront money, and more money will keep going out till the deal is closed. Before you choose to buy a house, ensure that you have enough to not only make a down payment but can also afford the closing cost while still having an emergency fund to fall back on. If you can’t efficiently cover these costs, maybe you shouldn’t buy a home now.
YOUR DEBTS ARE MUCH
Even if you have enough money to buy a home and cover the ongoing and closing costs, you also need to check your debts, and if they’re a lot, then it might be wise to take a step back. If you find your cards maxed out, then you should get your bill in order before you consider becoming
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ll around the country, many renters are beginning to notice a trend of people buying a home and considering buying one too and becoming a proud homeowner. Buying a home for the first time is a liberating experience and a big decision that significantly affects your future and your finances. Buying a home is not a short term commitment, and there is a need for a strong financial standing before you make the decision. However, this is not all there is to buying a home, and many times, people purchase homes when they’re not ready for it. This is a hard truth for several people to swallow, but we’ll be stating seven signs that show that even if you think you’re ready to buy a home, you may not be.
