Important Readiness Checklist for Home-buyers
- Do I have a steady source of income (usually a job)?
- Have I been employed on a regular basis for the last 2-3 years? Is my current income reliable?
- Do I have money saved for a down payment?
- Do I have a good record paying my bills on time?
- Do I have a few outstanding long-term debts, like a car payments, student loans etc?
- Do I have the ability to pay a mortgage every month, plus additional costs, utilities, entertainment etc?
