The dream of home ownership is alive and as strong as ever, but in these cautious times, potential home owners are hesitant to make the move. People tend to overestimate the downpayment needed to buy a home, as well as the monthly mortgage payments.
Home ownership can be a real alternative to renting.
And each month you'll be making an investment in your own future, not someone else's. Buying a home begins with a realistic look at your financial situation. Talk to your banker and other financial advisors. Enlist their assistance in evaluating your situation and get professional advice on how best to reach your goals. This option is available for anyone who has not owned a principal residence during the past five years, who had to sell a home due to a marital break-up or who took a financial loss on the sale of a home.