The American Dream is to buy a home.

For many first-time homeowners, the choice to make their dream a reality is influenced by life events such as marriage, childbirth, and professional changes. Others may be motivated solely by a desire to avoid paying rent. Isn’t it good to have some equity in your home right now?

However, before you enter the property market on your own, you must first determine if you are financially and emotionally prepared to take on such a burden.

Think you’ve got what it takes to make the largest purchase of your life? Here are five signs that you’re ready to buy a home. Read on!

1. You’re an Excellent Renter 

If you have no issue paying your rent on time, along with other costs like electricity, Internet, and television, you should have no trouble paying a mortgage (as long as it fits within your monthly budget).

While this is true, it is also crucial to recognize the increased monthly homeownership expenditures.

There may also be other upfront charges that you must pay monthly. It is critical to make the necessary efforts to describe all of these expenditures and budget appropriately.

2. You Have Job Security

If your job is one of the few that you can count on to be dependable, you’re way ahead of the curve compared to many other potential homebuyers who aren’t always promised job security.

But before you run out and buy a home, take a few minutes to think about the following:

  • How long have you had your job?
  • If you’ve just started working for a company, how long has it been in business?
  • What’s the outlook for future job cuts?
  • Are there any other factors that could eventually lead to layoffs?

These are essential questions that should be answered before you trust a house to your financial ability to pay.

3. You Have a Good Credit Score

Your credit score is your financial reputation, and it really pays to be diligent about protecting it.

One way to ensure that you’re ready for homeownership is to make sure all of your financial accounts are in good standing, including credit cards, car loans, student loans, and personal loans.

Since your credit score will play a role in whether or not you’re granted a mortgage, take time to monitor your credit score, which you can do for free, by visiting

4. You Can Live Within Your Means

Even if you’ve secured a mortgage, you still have to make sure you can cover all your expenses, including your mortgage payments, property taxes, homeowner’s insurance, and more.

And while you can’t be certain of what the future will bring, you’re making a commitment to the house and your financial responsibilities.

5. You’re Familiar With the Buying Process

Buying a home is a big deal, and it can be pretty scary if you’re not prepared for it.

If you’re going to take the plunge, you must take the time to understand the home buying process from start to finish. There are a lot of documents that must be signed and details that must be figured out before you can say, “I own my own home.”

And even once you’ve found the right home, it’s a good idea to get pre-approved for a mortgage. This way, you can save yourself some time and money by making sure you’re financially ready to go when the right home comes along.


Buying a home is a big step, and you want to be sure that you’re ready for it. Once you’ve committed to homeownership, you’re committing to a lifestyle change.

So before you buy, consider the financial and lifestyle factors that will make it a reality.

If you’re ready to take the plunge, take steps to secure your financial future, and then go for it!

Let us help you get the best home mortgage in Oklahoma and Florida. Cross Timbers Mortgage helps customers find the right mortgage for their specific financial goals. Contact us!