You always wonder if now is the right time to buy your next Wisconsin Rapids home. Whether this will be your fifth purchase or your first… And now with these crazy economic times you really start to wonder.

What can you trust to be your guide as you make this decision? Finding the confidence to purchase a home is probably the most difficult task you’ll face. Yes, getting a mortgage is more difficult. But still very possible…

So what signs should you look for to decide if now is the right time to buy?

Carmen Wong Ulrich host of the CNBC show “On the Money” and author of Generation Debt: Take Control of Your Money–A How-to Guide has said that what matters most is that “you’re financially secure enough to buy.” What exactly does that look like? She states you need the three C’s:

• good credit
• capacity to pay your mortgage
• collateral (ideally a 20% down payment).

If you have those, even now, is an excellent time to buy.

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