Are You Ready to Buy a Home? | Journey Home Lending
Did you know that more than 60% of American families own their homes? Are you ready to be a part of this statistic?
Our team at Journey Home Lending wants to let you know the signs to look for when it comes to being ready to add homeowner to your resume.
You Might Be Ready to Buy a House If….
A home is one of the biggest purchases you will make in life. For many people, homeownership is the American dream.
Let’s take a look at ways to know if you are on the right track to being ready for homeownership:
Sign No. 1: Manageable or Limited Debt
While having debt doesn’t mean you can’t own a home, not having too much debt on your record can certainly put you ahead of the game when it comes to buying a home.
Plus, the extra cash you have that isn’t going toward paying off debt can go toward your home in order to pay it off faster!
Rest assured, though, if you are one of the millions of Americans who have student loan debt, that does not mean you cannot purchase a home.
Sign No. 2: A Solid Credit Score
The higher the credit score, the better chances you have to obtain a low interest rate on your home mortgage. As a result, this puts you in a better position for homeownership, since your interest rate makes it easier to enjoy a lower mortgage payment.
Sign No. 3: A Down Payment
If you have a strong emergency fund, savings account and a down payment saved, then you are in a great position to own a home. While a down payment isn’t always necessary with some types of mortgages, it can certainly put you in a better financial state when it comes to homeownership.
Although most places recommend having a down payment of 15 to 20% of the total purchase price, even a smaller down payment can put you in a good position to buy a home because it helps you lower your monthly mortgage payment even more!
Allow our team to be a part of your home journey! Contact Journey Home Lending to learn how we can assist you with your home-buying needs.
We've been helping customers afford the home of their dreams for many years and we love what we do.
Journey Home Lending strives to ensure that its services are accessible to people with disabilities. Journey Home Lending has invested a significant amount of resources to help ensure that its website is made easier to use and more accessible for people with disabilities, with the strong belief that every person has the right to live with dignity, equality, comfort and independence.
Journey Home Lending makes available the UserWay Website Accessibility Widget that is powered by a dedicated accessibility server. The software allows journeyhomelending.com to improve its compliance with the Web Content Accessibility Guidelines (WCAG 2.1).
Journey Home Lending accessibility menu can be enabled by clicking the accessibility menu icon that appears on the corner on the page. After triggering the accessibility menu, please wait a moment for the accessibility menu to load in its entirety.
Journey Home Lending continues its efforts to constantly improve the accessibility of its site and services in the belief that it is our collective moral obligation to allow seamless, accessible and unhindered use also for those of us with disabilities.
Despite our efforts to make all pages and content on Journey Home Lending website fully accessible, some content may not have yet been fully adapted to the strictest accessibility standards. This may be a result of not having found or identified the most appropriate technological solution.
If you are experiencing difficulty with any content on Journey Home Lending website or require assistance with any part of our site, please contact us during normal business hours as detailed below and we will be happy to assist.
If you wish to report an accessibility issue, have any questions or need assistance, please contact us by sending an email to: firstname.lastname@example.org