Secure income is an important to part of homeownership since your ability to make the monthly payments and qualify for the loan will be determined in a large part by your income. The lender does not want you to default on the loan and you do not want to adversely impact your credit rating for the future. There can be expenses associated with homeownership such as maintenance, repairs, etc. that your landlord previously covered. So, consider the security of your income in making the decision for home ownership.