One of the most popular dreams many Americans have is homeownership. Think about it, who wouldn’t want to own their own piece of property on this Monopoly board of life. While there are pros and cons to being in charge of your own land (see “The Pros and Cons of Buying a Home“), there’s a sense of pride that comes with the territory. The only question is: When should you buy? And it’s an important question since African Americans are more likely to put less money down and have a harder time getting a mortgage.
Making the decision to buy a house is one thing. Actually doing it is a completely different story. Here are some pointers on when it’s time to buy a house.