Factors to Consider Before Purchasing a Minneapolis Home

There are many factors in determining where or when you buy your first home, but first ask yourself these questions:

Do you have a steady source of income (usually a job)?

Have you been employed on a regular basis for the last 2-3 years?

Is your current income reliable?

Do you have a good record of paying your bills on time?

Do you have few outstanding long-term debts, like car payments?

Do you have money saved up for a down payment?

Do you have the ability to pay a mortgage every month, along with taxes, insurance, and utilities?

If you can answer "YES" to these questions, you are probably ready to buy your own home.