How to Make Sure You Are Financially Sound Enough to Buy a House
Buying a house is one of those big life events that
extensive planning and preparation. It is also generally the most expensive purchase the average person will ever make. When you contact a real estate agent in preparation to find a home, one of the first things they will ask you is if you are pre-approved and ready to buy a home. In the wake of the mortgage handout years, being financially sound is not just an option but a requirement in most cases. How do you know if you are financially sound enough to buy a home? The following criteria will help you decide if you are ready to take the home-buying plunge.