7 signs you can afford the home you want to buy

 

Source: Liz Knueven, Business Insider

While housing prices have been on the rise, and trends in how buyers make down payments are changing, many looking to buy a home might feel that they're ready.

A few top questions to ask before you buy are the classics: Can you make the 20% down payment? Is your debt-to-income ratio low enough? And while answering "yes" to these questions might get you approved for the mortgage, there are a few other questions to ask to make sure you're financially ready to make that house your home.

Here are seven factors to consider to make sure you can truly afford the home you want to buy.

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