By the Kent Redding Group
AUSTIN, TX. - Have You been thinking about buying your first Austin Texas home and are not sure if you should continue renting versus buying? You are not alone.
The Question of whether or not if you should continue renting versus buying is something that every homeowner deals with before they ultimately “take the plunge” and commit to buying their first house, that's why in this article we will share with you 4 signs that you are ready to buy your first Austin Texas home so you can have confidence that it’s time to start the home buying process.
#1 - You Have Job Security
One of the first signs that you are ready to buy your first home is that you have job security. This is important because every mortgage loan professional requires home buyers to have steady, regular, income.
If your job is secure, and you have been working with the same company for more than one year, these are excellent signs that you’re ready financially to purchase a home.
#2 - You’re Committed to Staying in The Area
Another excellent sign that you are ready to buy in Austin Texas home is that you have a commitment to staying in the area. This is important because, when purchasing a home, you have to be committed to living in a house for up to seven years because, during the early years, most of your payments are going to go towards paying just interest, and you're going to have very little equity, so it literally pays to be committed to staying in one place while you build equity in your house.
#3 - You Have Low Debt
Besides job security, and your commitment to stay in one place, another great sign that you are ready to buy a home is if you have a low amount of debt because a mortgage loan professional will look at your debts like credit cards, auto loans and household expenses to determine if you have the ability to repay your mortgage loan.
#4 - You Know What You Want and Can Afford in A Home
Last All, the most important comma another excellent sign that you are ready to buy in Austin Texas home is that you know what you're searching for in at home and also know what you can afford.
Buy an Austin Texas Home
To It started with buying in Austin Texas home contact Kent Redding Group today by calling us at (512) 306-1001 or click here to connect with us online.