Buying a home is both exciting and intimating. With many different things to consider when you decide to buy, it is important to educate yourself on the important implications homeownership creates. Do you know if you’re prepared both financially and emotionally to own a home? Here are 5 important questions you should ask yourself before going house hunting.
Whats My Total Budget?
First things first, you need to establish your budget. What can you afford? Do you feel safe enough to commit to a 30-year mortgage? Typically, you’re taking out a loan, often times for hundreds of thousands of dollars, and promising to pay it back over the next 30 years. Do you have enough money in your savings to cover your mortgage for a couple of months if…