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You think that you’re ready to buy a home?  Here are five signs that you are ready for home ownership.


Financial experts will tell you that creating and sticking to a budget is a sign of financial maturity. When you follow a budget, you know exactly where your money is going each month. When you know where your money is going, you know whether or not you can afford a home of your own.


The old rule of thumb still stands: Enough money should be saved for a down payment and closing cost on a house. Consider putting 20 percent down on a home, you immediately have equity built into the property and you negate the necessity of private mortgage insurance

Stable Income

 If you have a stable source of income, you can feel relatively safe making an investment in a home.

High Credit Score

If your credit is in excellent shape, you’re ready to buy a home. If, on the other hand, your credit needs some work, whip it into shape before you being the home-buying process. Before you buy a house, your credit score should be in the 700’s.

Emergency Savings

You should have enough money in the bank to cover at least three month worth of house payments. If you have an emergency account, you can feel safe buying a home.

If you are thinking of buying a home, make sure that you are 100 percent ready. Re-read the tips above and, if they apply to you, the dream of owning your own home is within reach. Owning a home is an important step, you’ll be glad that you took your time and did it right.


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