Buying a home is a big commitment-both financially and emotionally. But it pays off in so many ways. Here is some advice to help you decide if you're ready to take this exciting step.

Am I Ready To Buy?

• If the amount you're spending on rent would cover the costs of a monthly mortgage, you should consider buying.
• If you're planning to stay in the same area for more than two years, buying is a good option.
• Figure out how much home you can afford by reviewing your budget. In general, your monthly housing costs (including mortgage, taxes, insurance, possible repairs) shouldn't exceed 28% of your monthly income.

What Are The Benefits Of Home Ownership?

• Homes tend to appreciate in value
• Homeowners can take advantage of tax breaks not available to renters
• Home ownership strengthens your financial credibility
• Owning a home gives you a sense of stability, independence, and success

Financing Your Home

We want your entire buying experience-including financing-to be a pleasure. That's why we recommend the experts at Countrywide. Their mortgage specialists will be happy to walk you through all of your options and even pre-approve you before you choose a home. Once you've contracted to purchase a home, Countrywide will ensure all of the paperwork is in order for a smooth closing. Learn more about Countrywide, the preferred lender for The Home Source Realtors.