Is it the right time for me to buy?

If you have money saved for a down payment and at least six months of living expenses put away for an emergency fund, it is a great time to buy. Interest rates are at historic lows and some sellers are willing to pay closing costs and prepaid items as part of the contract. The first step is to become a pre-approved buyer. Lending requirements are changing daily and a lender can provide you different loan programs that will best fit your needs. They can also help determine what you can afford based on your monthly budget. By getting pre-approved, you are better able to know what your purchasing power is before going to view homes which allows for more satisfaction and less frustration in the long term.