4 Questions to ask Before Buying a Home
Is my job and finances stable
Look at your job. Will you still be there in five years? Take a look at your current debts and income, not your future salary, to determine whether you can afford to buy. But the best practice is to be confident that your finances could handle a temporary loss of income and still make your mortgage payments, before you buy. One way to do this is to have enough money in the bank to cover 4-6 months' worth of living expenses, calculating them to include your mortgage payment - before you deem yourself ready to buy.
