Should you rent or buy a home and what are the long-term costs? On the one hand, you’re tired of your landlord. On the other hand, buying a home likely means borrowing a lot of money. As well, when buying a home you must make a down payment, money that could otherwise be invested or put into savings. What should you do?
Two things have to happen for you to decide to buy a house . Ask yourself these 5 questions:
1. I hate paying rent living in this particular building
2. I need to save for future but don’t have good savings habit.
3.I want to start saving.
4 I have good credit
5 I have good steady income.
If you answered yes to 3 or more. My friend you are ready to pay your own mortgage
