Owning Your Own Home

One of the best pieces of financial advice is to own your own home. I realize that not all people are "homeowner" people. Some people are "apartment" people. One of the reasons why owning your own home is advised is because paying a mortgage is quite different than paying rent. It has been said that when you pay your rent every month that you are essentially throwing it away. When you are paying a mortgage you get one step closer to owning your own home completely. You are building equity in your property and your home becomes more of an assest.

If you're an "apartment-type" person and you like things just the way they are then that is fine for you because that's the way that you want it to be.

If you ever thought about owning your own home, there may be many options available to you. I do know that there are some grant programs to help first time home buyers. (And I'm going to put more information about it in my Grant Basics 101 Blog that I just started. Realtors seem to be very helpful and useful to those that want to buy a home (they get a commission of course) so you may find that using a realtor to help you will be helpful. There are also things like sheriff sales and tax sales that go on and you should check to see if there are any going on in your area.

If you want to become a homeowner or are seriously considering it then you should investigate further about being able to own your own home. I do want to issue a word of warning though because many people are having problems keeping up with their mortgage payments and there is a big increase in foreclosures. A lot of people have gotten home loans, such as adjustable reate mortgages, where they can't meet the payments. The best kind of mortgage to get on one's home is a 30-year fixed mortgage.

Even if you feel that you won't be able to afford buying a house I urge you to look more into it. You may be surprised as to what options that you will have available to you!