- Do I understand how mortgages work and what my options are? There are lots of options, and it is easier to get a mortgage now than it was five or 10 years ago. Many new mortgages products have lower payments in the first few years or flexibility about how much to pay. These can be great options, but you want to understand them before deciding. Learn More
- Will you be able to afford your mortgage, plus all the expenses that come with homeownership? Your mortgage payment is only part of your monthly expense. Don’t forget about private mortgage insurance, homeowner association fees, property taxes, homeowner insurance, and home maintenance expenses. If you don’t keep up with your payments, you may lose your home. Learn More
- Is your credit good enough to get you the best interest rate? People with less-than-perfect credit won't be turned away, but they will pay a higher rate. Learn More
- Are you ready to be your own landlord? If you own your home, you are responsible for all repairs and maintenance.
| How do you decide if you are ready to get a mortgage? There isn't a single, simple answer to this question. Start by asking yourself a few key questions: | |