Buying a house is part of the American dream. Many couples rush into this decision before they are ready, fueled by insistence from family and friends. Home ownership can be a great blessing but only if you are ready to own a home and you don't get into the ill advised situation where the home owns you.
Let's ask the following questions to determine if you are ready to buy a home.
- Do you have 3 to 6 months living expenses in an emergency fund.
- Are you out of consumer debt? Student loans, cars, bank loans, and credit cards.
- Have you saved for a significant down payment
If all of the above have been accomplished then you are ready to move ahead with home ownership.
The title of this article is "How to Buy a House for Cash". This is a special case where you have saved 100 percent for a down payment.
Lets look at how this can be done.
