7 Reasons Why You Should Buy a Home This Year ...

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If you’re thinking about buying a house, there are several reasons why you should buy a home in 2014. A home purchase is one of many rites of passages into adulthood. But if you're a first-timer, the process can be overwhelming. You can, however, get through the buying process with ease — as long as you work with a good bank and realtor. Here are seven reasons why you should buy a home this year.

1. You Have Sufficient Savings

Cash in the bank for a down payment and closing costs are two reasons why you should buy a home this year. Zero down mortgage loans are practically extinct, unless you’re applying for a USDA or a VA home loan. For a conventional loan, lenders now require 5% down, or 3.5% down for an FHA home loan.

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