When should renters become buyers?

Hello, and welcome to another WIN video blog!

There is no exact science to determine when a renter is ready to become a buyer. With rents continuing to increase, renters are spending more than homeowners do on mortgages. So, when should someone buy?

If you're , consider becoming a homeowner. You'll have a desire to find a perfect home to grow your family. That drive will push you toward becoming a homeowner.

Becoming a homeowner doesn't occur overnight. In fact, it can take a few years to own a home. Make a goal with certain deadlines and start saving for a mortgage. Ideally, you'll want to plan to save 20 percent of the down payment.

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