Are You Ready to Buy a Home?

  1. Your income and job status:
  2. Can you afford a down payment on a home?
  3. Do you know what any of the following are: ARM, Fixed Rate Loan, Private Mortgage Insurance, Escrow, and Buyer's Agent?
  4. Do you know how much you can afford to spend on a home?
  5. How much debt do you have?
  6. Are you likely to move away from your city any time soon?
  7. After buying a home, how much money would you have left over for repairs, furniture, and incidental expenses?