Am I Ready to Buy?

Financial responsibility is all-important in this economy. No one wants to get in over his/her head and yet the excitement and possibilities of home ownership can sometimes cloud our vision! Here's a simple guide to put your mind at ease provided by the Federal Housing Administration.

Ask yourself these questions:

1. Do I have a steady source of income (usually a job)?
2. Have I been employed on a regular basis for the last two to three years?
3. Is my current income reliable?
4. Do I have a good record of paying my bills?
5. Do I have few outstanding long-term debts, like car payments?
6. Do I have money saved for a down payment?
7. Do I have the ability to pay a mortgage every month, plus additional costs?

 If you can answer “yes” to these questions, you are probably ready to buy your own home. Call your Mortgage Banker or Banker, then your REALTOR!

 
Su Morris, REALTOR®
MS License # B- 15728
Graduate Realtor Institute (GRI)
Accredited Buyer Representative ( ABR)
Seller Representation Specialist (SRS)
Accredited Staging Professional (ASP)
e-PRO®
Broker Associate