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| This article was developed as part of U.S. Eagle’s partnership with EVERFI, Inc.
Buying a home can be an exciting milestone in your life, and it’s important to educate yourself on the financial implications of homeownership before you make an offer. Whether you’re a first-time homebuyer or a current owner looking to sell or refinance, there are a few key questions that should help guide your decision: |
| |  While property is generally considered an appreciating asset, home values are tied to economic conditions. Having your financial house in order is an important first step to buying a house! Are you confident in your ability to pay your bills on time? Are you able to budget for unanticipated costs?Evaluate questions like these to determine whether you are ready for the responsibilities of ownership. |
|  Determining how much home you can actually afford goes beyond the list price of a property. Other factors that will affect your monthly payment include interest rates, taxes, insurance, income, debt, and future monthly expenses - to name just a few. While there are numerous “affordability” calculators out there, it’s important to first understand the whole picture. Before you buy, take action to determine how much home you can afford.
To get started with a free home loan pre-approval, click here. |
|  Are you familiar with the “Four C’s of Loan Credit?” Lenders look at a number of factors to determine the terms of a mortgage loan. Consider reviewing your financial history and educating yourself on the qualifications that lenders use to determine the terms of your loan. |
| | No matter what stage of homeownership you are exploring, expanding your knowledge about the key financial questions to ask when buying a home will help you make a long-term decision that benefits you!You can view all homeownership related content in U.S. Eagle’s Financial Education Program here. |
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