How do you know when you are ready for a mortgage?

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Buying a home is a big responsibility, but there are a few signs that let you know you’re ready to jump in and swim:

  • You want to put down roots

If you’re planning on staying in one place for a significant amount of time, it may be time for you to make the investment.

  • You’ve been working on your credit

Once you start putting your credit at the forefront of your mind, that shows you are ready to start looking for a home. Even if you don’t have perfect credit, getting things in order to help you qualify for a lower rate starts making sense.

  • You’re tired of renting

Are you starting to consider the amount of money you’re paying for something you will never own? Once all those amenities start looking like a burden instead of a blessing, it may be time to start looking for a home.

  • You have stable employment

Have you been on your job for a few years and see your career blossoming? That means you have enough stable employment that can help you when purchasing your home.

  • The family is growing

If you have thoughts of starting a family, or you are adding on to the family, having a home seems pretty good, right?

Once you start or expand your family, having an apartment doesn’t seem like the ideal situation anymore.

  • You’re saving money

Saving money instead of splurging on clothes, parties and other things that used to take your disposable income is a sure sign that you’re ready to start making some homeownership moves.

If this is your mindset, it’s time to call the team at Mortgage Investors Group to avoid mortgage bad credit woes and start working toward purchasing your home.

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About the Author: Donald Phillips