How Did You Decide You Could Afford to Buy a Home?
Buying a home is a big deal. This is probably the most expensive purchase you will ever make and the decision is not easy. So what we want to know is: how did you decide you could afford to buy a home?
There are a number of rules for preparing for home ownership. For example, you should save 20% of your down payment . Some experts say that your home should have less than half of what you have accumulated in your nest egg. But depending on your financial situation, this can be quite difficult. We would like to know: did you follow these rules? Why or why not? Share how you decided you could afford to buy a home.
If you regret your decision or have advice for other potential home buyers , feel free to add that too.