Buying a home is a big deal. And the combination of high student loan debt and the increasing cost of real estate in the US is making home buying even more difficult than it has been in the past.
But there are still some things you can ask yourself to know whether or not you are ready to stop renting and start owning. This article from Mint offers some of the big ones.
It starts with the question- Are you financially secure? Buying a home is expensive and first time buyers often find themselves with little to no money left over after the down payment and closing costs. To safely buy a home, you need to calculate what you can afford to pay now and how much money you will have when it’s done. Don’t leave yourself in a position where you struggle to pay the bills after the home is yours.
Read the full article for more tips.