Ready to buy a home? A checklist for consumers.

Buying a home is both exhilarating and scary. It means you are setting down roots and ready for the next chapter in life. On the other hand, it also means you’re taking on the largest debt you’ll possibly ever have to pay.

The financial realities of preparing to buy a home can come with a lot of stress, uncertainty, and questions: will I qualify for a loan? How much will I qualify for? Do I have enough for a down payment? The list goes on.

Most people would rather own a home than rent. But consumers need to consider their financial readiness beyond the down payment. Great article from Money.com on the jump.

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