Friday, May 7, 2021 / by Ameil Gill
With rent prices continuing to increase, and interest rates at record lows, you may want to consider buying a home.
Talk to a lender, check your credit score, review your budget to determine a price range, and learn about the costs associated with buying a home.
When does your lease end? Do you have a plan for "in-between" in case you have a gap before closing? Do you have enough time to find a new home before your lease is up, or do you need to make other arrangements, or extend your lease?
Make sure you understand the costs associated with homeownership. Do you have savings/an emergency fund for unforeseen repairs and other expenses? How much do you want to have saved before you buy?