Buying your first home? Consider this:
For most people. buying a home will be the most significant investment they will ever make in their lifetime. So before you take the plunge into home ownership make sure you have the answers to these questions:
Do I have steady income?
You won't even get approval for a mortgage if you don't have a steady income and a reasonably steady job history. So if you've just started working it might not be a good time to apply for a mortgage. But that doesn't mean you can't start preparing. Build up other parts of your financial portfolio so that when the time is right you are fully prepared.
Have I saved enough money?
For some mortgages, buyers need as much as 15-20% of a home's price. Some down payments are…
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