Buying a Home

Are You Ready?

The following questions will help you to determine if you are ready to buy a home:

If You Answered “Yes” to All These Questions…
you may be ready to buy a home.

• If You Answered “No” to Any of Them… you might need to correct those areas first.
  To correct any areas, or to learn more about buying a home, look for homebuyer education classes in your area. These classes are a good source of information and will help prepare you for home ownership.

• Do These Questions Look Familiar to You?

They are very similar to the “Three C’s” that we discussed in the “Borrowing Basics” section.

Lenders will ask you questions like these when they are evaluating your credit history.

For more information about this process, see the
“Borrowing Basics” section of the Money Smart course.