With rental prices soaring here are a few things you can do to prepare to own your own home.
Take a look at your credit scores and finances and see where you can Save! Save! Save!
Every little bit helps. Also, reduce some of your debt to get credit score up. The higher your credit score is, the less you will pay on your financing. If your credit score is low, make it your business to start paying your bills in a timely manner and stop spending.
My biggest suggestion is to hire a banker not a broker to advise you about your financing and explain just how easy home ownership is achievable, network with people to get the right attorney and hire an experienced real estate broker.
To sum it up, if home ownership is your plan, you should start preparing for that day now. Meeting with the right people to better help and guide you through the process will set you up for success on this journey.