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Home Ownership: Are You Prepared. in Rhode Island

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You can find out by asking yourself some questions:

  • Do I have a steady source of income (usually a job). Have I been employed on a regular basis for the last 2-3 years. Is my current income reliable.
  • Do I have a good record of paying my bills.
  • Do I have few outstanding long-term debts, like car payments.
  • Do I have money saved for a down payment.
  • Do I have the ability to pay a mortgage every month, plus additional costs.

    If you can answer "yes" to these questions, you are probably ready to buy your own home.




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