The Law of Murphy in Homeownership
Your home is truly a blessing to you only when you are ready for it. That means having no consumer debts (credit cards, auto loans, school loans, etc.) and you have 3 - 6 months worth of living expenses saved.
Murphy's Law states that "things will go wrong in any given situation, if you give them a chance". Muprhy will move into your spare bedroom because life happens whether you own your home or not. If you have your budget planned too "positively" with no margins to spare, things break down, cars break down and people get sick. If you had paid off your consumer debts, now you have extras to pad life with when you do not need to make those minimum monthly payments.
It is a choice to make today for a better, well-prepared tomorrow. Consider it very carefully as we prepare ourselves or our clients to a blessed homeownership.
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