Renters: Is 2022 the year to become a homeowner?
Posted by Phoebe Williams on Monday, December 6, 2021 at 1:04 AM
By Phoebe Williams / December 6, 2021
Comment
Renters: Are you thinking 2022 might be the year to fire your landlord?
Swipe through this quiz to see if it may be time for you to buy your first home!
Are you ready to put down roots? Buying is a more long-term decision than renting, so you want to be sure you’re ready to plant for at least a couple of years before signing on the dotted line.
Do you desire more privacy at home? If you’re exhausted by noisy neighbors and no place to stretch your legs, it may be time to buy.
Are you content in your current job? Lenders want to see job stability, so if you’re thinking of buying, evaluate your long-term employment plans.
Is your debt-to-income ratio in a healthy place? Your DTI ratio is an important factor when applying for a mortgage. Getting debt under control before purchasing is always a wise decision.
Is there a “want to” to buy a home? You should never buy a home because others are doing it or because you think it’s what you’re supposed to do next. You’ve gotta have your own “want-to” and desire.
If you answered mostly yes, 2022 could be a great year for you to purchase your first home.
Have questions? I'm here to help!
Post a Comment