You will pay more every month for housing than you did as a renter. There also are extra costs for maintenance and property taxes. Hence you’ve decided that Abilene rental houses ownership is good for you. Now you need to determine if you are financially ready to buy a house. To avoid any future surprises, you can do some monetary exercises to see where you stand. They include : working out your net worth, your present monthly expenses and your present monthly debt payments. Knowing your net worth is critical because you’ll need this info when you debate a mortgage with your bank. Your net worth is the amount left over once you have subtracted your total liabilities from your total assets. It will also give you a picture of your present financial situation and show you how much you are able to afford to put as a down payment. www.Abilenerealestategroup.com