Overall, home ownership can give you a feeling of accomplishment in reaching a goal while also helping you establish deep roots in your community. Unlike renters, who tend to be more transient in nature and less conscientious about their physical surroundings (they don’t own them, after all), home owners have plunked down one of the biggest investments of their lives in their communities. The Department of Housing and Urban Development (HUD) advises first-time home buyers to ask themselves these questions before making their decision. If you can answer ‘‘yes’’ to the following questions, HUD says you’re probably ready to buy your own home: ❑ Do I have a steady source of income (usually a job)? ❑ Have I been employed on a regular basis for the last two to three 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?

Best thing to do, get some Debt Help !.