The time is now! Have you been drawing an interest to local real estate lately, but feel hesitant to make the leap from renter to homeowner? Take advantage of interest rates while they are still low!

Here are some signs that may indicate that you are more ready than you think-

1. You have a secure job. You’re getting good feedback and reviews from co-workers. Your employer is in a solid position and may even be growing. If you like your job and  see your future there, you have the job security that’s important when making a mortgage commitment.
2. Your credit is good. A good FICO score is considered to be 700 or higher. However, you can get a loan with a lower credit score, as long as your debt-to-income ratio is within an acceptable range. The higher your credit score, the better you will do in terms of how much you can borrow and at what rate. Talk to a lender about a mortgage pre-approval. A lender can also give you suggestions on how to raise your credit score to help your qualification.
3. You’ve been paying your rent on time for years. Making a monthly payment on time shows that you are responsible. This also shows that you’r used to committing a sizable sum each month to your living expenses. Your monthly mortgage payment could be less each month than your rent. This should give you confidence that you can handle it.
4. You know what you want in a Home. You’re becoming more aware of home designs and exploring local neighborhoods. You’re starting to envision yourself as a homeowner instead of seeing it as a distant reality. You’re excited to get rid of roommates (or parents) and that excites you.

You’ll never know if you’re ready to buy a home if you don’t make the move!