With buzz about low interest rates and reasonable prices, many people are eager to purchase a home; but there is more than meets the eye when it comes to homeownership. Both the homebuying process itself and the expenses of managing a home on your own can be overwhelming if you’re used to renting. Taking time to do your homework before you begin your home search can help ensure that you are fully ready to buy a home. Here are five signs that you may be prepared to move from renter to owner.
- You’re a budgeting pro. You use a budget, stick to it, and pay your bills on time. You also make sure to save money each month for unexpected expenses and your goal of homeownership.
- Your credit is in order. If you checked your credit score and found out it was lower than what it needed to be for…
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