As a first step in preparing for a home purchase, it’s important to determine if you are actually ready to become a homeowner. Are you able to stay put for a while? Is your income fairly stable? If you answered yes to both questions, the next step is to carefully consider your finances. Resolve to do the following in the New Year and you could be ready to purchase a home sooner than you think – maybe even ahead of any anticipated rate increases.
Whether you are headed off to college, starting a job, saving for your first home, or a parent preparing a child for life on their own, money management and budgeting can create anxiety. Can I afford college? How do I save for a down payment? How will I pay my bills, save and still be able to have some fun? These three simple steps will help ease the uncertainty and set you on a path toward financial independence.