Buying your first home takes stamina, desire and commitment not only to navigate the complicated and time-consuming purchase process, but also to learn the ropes of being a responsible homeowner.
Maybe you’ve dreamed about buying. Or perhaps you’ve researched for-sale homes online, tried to calculate how much you can afford to spend, or peeked inside a few open houses.
But are you really ready, emotionally and financially, to step up your game and make your move? Here’s a look at what mortgage and real estate pros know about who’s good to go and who needs more time to prepare for homeownership—five ways to know if you’re ready to buy your first home.
PLAN TO STAY: Buying a home might seem like a no-brainer if your mortgage payment would be less than the rent you’re paying.
But that comparison doesn’t account for other costs of homeownership, including down payment, mortgage-related fees…
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