Owning a home is a major life event which can be rewarding but also a huge financial commitment. You need to ensure that you stay within your budget when buying a house. You also need to decide how you will finance the house by making the decision of using your savings or a loan. However, setting an objective in advance, allows you to invest towards either your down payment or better still upfront payment for your new home. Use the calculator below to determine whether you are ready to own a home.