Home Buyer's Guide

How to Know if You're Ready to Buy a Home

Determining if You’re Ready for the Commitment of Buying a Home

Buying a house is a big commitment, so before you start house hunting and comparing mortgage rates, take the time to examine your current situation and how it could change in the future.

Ask yourself:

  • Are you planning on any major life changes, like changing jobs or starting a family, in the next few years that could impact your financial situation?
  • Can you commit to staying in a home for at least five years?
  • Do you have a stable income?
  • Are you confident you can handle house repairs (or can take the time to learn), or are you willing to pay a specialist when something breaks?