Owning a home is part of the American Dream. But not everyone is ready for the commitment and financial obligations of homeownership. Before you meet with a REALTOR^® or apply for a loan, you need to weigh the benefits and costs of homeownership, look at how you spend your money and ask yourself a few questions. If you buy a home before you’re ready, you risk not being able to repay the loan and losing your home. Be honest with yourself. Are you ready?

• What are the advantages and disadvantages of owning a home?
• Are you ready to buy a home?
• How do you spend your money?