You’re Only Ready to Buy a House if You Can Answer ‘Yes’ to These 7 Questions

Buying a home is both exhilarating and scary. It means you are setting down roots and ready for the next chapter in life. On the other hand, it also means you’re taking on the largest debt you’ll possibly ever have to pay.

The financial realities of preparing to buy a home can come with a lot of stress, uncertainty, and questions: will I qualify for a loan? How much will I qualify for? Do I have enough for a down payment? The list goes on.

According to Glenn Brunker, president of Ally Home, learning as much as possible about the homebuying process before making a decision will help you feel comfortable with the investment you’re about to make. Knowledge is the best way to avoid unexpected costs that can turn your dream home purchase into a nightmare.

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