10/06/2020
Tired of the rent race and thinking about buying? โฃ
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Buying a home is, yes, a huge financial decision, but itโs also an emotional one. And while you can find online calculators and quizzes galore to tell you whether youโre financially set, the emotional side of buying a home is often overlooked. โฃ
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To gauge if youโre readyโheart, mind, and meansโto stop renting and buy, think about these below-the-surface questions:โฃ
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1. ๐ผ๐ง๐ ๐ฎ๐ค๐ช ๐ง๐๐๐๐ฎ ๐ฉ๐ค ๐ฅ๐ช๐ฉ ๐๐ค๐ฌ๐ฃ ๐ง๐ค๐ค๐ฉ๐จ?
Buying is a more long-term decision than renting, so you want to be sure youโre ready to plant for at least a couple of years before signing on the dotted line.โฃ
2. ๐ฟ๐ค ๐ฎ๐ค๐ช ๐๐๐จ๐๐ง๐ ๐ข๐ค๐ง๐ ๐ฅ๐ง๐๐ซ๐๐๐ฎ ๐๐ฉ ๐๐ค๐ข๐?
If youโre exhausted by noisy neighbors and no place to stretch your legs, it may be time to buy.โฃ
3. ๐ผ๐ง๐ ๐ฎ๐ค๐ช ๐๐ค๐ฃ๐ฉ๐๐ฃ๐ฉ ๐๐ฃ ๐ฎ๐ค๐ช๐ง ๐๐ช๐ง๐ง๐๐ฃ๐ฉ ๐๐ค๐?
Lenders want to see job stability, so if youโre thinking of buying, evaluate your long-term employment plans.โฃ
4. ๐๐จ ๐ฎ๐ค๐ช๐ง ๐๐๐๐ฉ-๐ฉ๐ค-๐๐ฃ๐๐ค๐ข๐ ๐ง๐๐ฉ๐๐ค ๐๐ฃ ๐ ๐๐๐๐ก๐ฉ๐๐ฎ ๐ฅ๐ก๐๐๐?
Your DTI ratio is an important factor when applying for a mortgage. Getting debt under control before purchasing is always a wise decision.โฃ
5. ๐๐จ ๐ฉ๐๐๐ง๐ ๐ โ๐ฌ๐๐ฃ๐ฉ ๐ฉ๐คโ ๐ฉ๐ค ๐๐ช๐ฎ ๐ ๐๐ค๐ข๐?
You should never buy a home because others are doing it or because you think itโs what youโre supposed to do next. Youโve gotta have your own โwant-toโ and desire. โฃ
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๐ The first step towards homeownership is saying with confidence, to yourself and others, โLetโs do this!โ If youโre there, Iโd love to chat about what youโre thinking and give you hard numbers in the neighborhoods you love. โฃ
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โจ And don't forget, if becoming a homeowner in 2021 is one of your goals, you need to join us on the 90 Days to Homeowner Challenge โ it starts whenever you sign up ! ๐
www.tinyurl.com/90dayhomeownerchallenge