analyze the numbers
Are You Ready to Buy?
First thing, analyze your financial position. Buying a home comes with resonsibilities like paying monthly (and on time) your mortgage and escrow payments (taxes, insurance and other).
You need to estimate how much home you can afford based on your current income and debt. That will help determine what type of homes to search.
- link to our notes: analyze the numbers
- view these home affordability tips
- budget for home buying
Additionally, make sure you can qualify for financing before looking for a home. You don't want to make an offer on the home and then have it turned down by your lender: