Q: How do I know if I’m ready to buy my first house?
A: Buying a home is a big investment and making sure you are prepared is an important first step. To help determine if you are ready, ask yourself these questions:
Do I have a steady source of income (from a job and/or investments)? Have I been employed on a regular basis for the last 2-3 years? Is my current income reliable?
Do I have a good record of paying my bills?
How many outstanding, long-term debts (like car payments) do I have?
How much unsecured, credit-card debt do I have?
Do I have money saved for a down payment?
Do I have the ability to pay a mortgage every month, plus additional homeowner expenses?
As a real estate professional, I would be happy to meet with you to review your responses to these questions. I can help you determine a debt-to-income ratio so that you know just how much house you can comfortably afford. It’s a pleasure to be of service!
IT’S A GOOD LIFE!!
Principal Broker, Realtor, CRS, ABR, GRI, SRES
Diversity Specialist, HOWNW
Oregon First, Realtors Direct 503.380.9634
View ALL available Houses on the market @ my website