Homeownership can be very exciting. Equity building, tax deductions, a sense of pride and a place to decorate to your specific taste are just a few reasons why owning a home is often referred to as “The American Dream.” However, just as Marvel Comic superhero Spider-Man was warned, “With great power comes great responsibility.” And homeownership undoubtedly is one of the greatest forms of responsibility you may take over in your life.
We’ve all heard it’s a great time to buy – and it truly is….if (and it’s a big “if”) you are emotionally, physically and – most importantly – financially ready. If you aren’t prepared to change your lifestyle, you aren’t prepared to own a home. How do you know if you’re ready to buy? Ask yourself these questions after the jump: (more…)