Part of the American dream is to become a homeowner. We dream of a place that we can call our own. A place that is comfortable and safe. A place we are proud of. A place where we can plant the roots for our future. To some however, the process seems so overwhelming and the concern of whether or not you are “doing it right” deters some from achieving the goal.  So how do you know if you are ready to become a homeowner? Here are six areas you will want to consider that will make your decision to buy a home the right one.

If you are looking to purchase a home, a popular question that you will need an answer to is, “How much home can I afford?”  The short answer is that it depends.  There are two methods that a mortgage lender can use to find your maximum home purchase price.