Friday, November 2, 2018 / by Rick Devine
Buying a home as a single woman can be hard. Not only do you only have one income, which can make getting a mortgage reasonably difficult, but even saving up a down payment can be troublesome. Plus, women generally make less than most men, according to Business Insider. This can make things even more complicated for women looking to buy a home by themselves. However, don’t let these statistics scare you. There are numerous ways to make purchasing a home easier every step of the way.
Assess Your Budget
Your first step before you even consider buying a home should be to carefully look at your current budget. Budgeting for a home can be tough on one income, but is not impossible. Generally, you don’t want your mortgage payment to be more than 25 percent of your gross monthly income. However, especially on one income, you should be careful not to bite off more than you chew. Dave Ramsey recommends taking a careful look at ...