Are You Ready to Buy a House?

RSS

Nov 2, 2012

Are You Ready to Buy a House?

 

Buying a home is one of the big steps in life that most people will experience. This is an exciting prospect to look forward to, but it also brings with it a fair share of stress and worry. One of the big concerns which often comes up is the question of “Are we ready to buy a house?”

 

Most people will be using a mortgage loan in order to buy their home. Therefore, it is essential to make sure that you can qualify for one of these loans. Most mortgages will require people to have a steady job for a couple of years, as well as having good credit scores and providing past bank statements. Loan officers also will look at monthly expenses that are mandatory versus how much you make each month.

 

Another important thing to consider is that while owning a home is a sound investment, the maintenance costs will fall to you as the owner. Anything which breaks is going to have to be dealt with by you, and there is no management office to call for repairs or upkeep.

 

People will also need to be able to still cover costs even if there is an unfortunate event like the loss of a job. Make sure that you would be able to meet the financial needs even if there was a loss of income on your part.

 

If you are able to realistically meet these standards, then buying a house may well be the right decision for you. Make sure to always be cautious and to use your best judgment. Happy hunting!

Bookmark and Share

Comments

Name:

Email:

URL:

Subject:

Comment:

Your comment will not show up until it has been reviewed.


Bookmark and Share

« Back to all news


Refer a friend & earn a gift

If we write your friend's insurance, we'll send you two movie tickets.

Refer someone today

We represent fine companies like

Safeco Insurance, Member of Liberty Mutual Group



Visit our mobile site on your phone today and bookmark it for future use.


Not sure where to start? Browse our Information Center to learn all about your insurance options.


50% of our business comes from client referrals. Contact us today and we'll show you why that is.

Our locations:

Harbor Insurance
1622 S. Gaffey #104
San Pedro, CA 90731

310-832-5311

C & S Insurance
3220 Sepulveda Blvd #202
Torrance, CA 90505

310-517-8255