Home ownership rates are the lowest they have been in the last 50 years. Yet a large portion of Americans are still renting properties, instead of enjoying a home of their own. Consumer reports believe this is an issue because of a buyer's lack of trust in their ability to purchase. It is still a long standing notion that a buyer needs 20% towards the cost of the home in order to move forward, but this isn't true.
Read more8 Reasons You Should Buy Instead of Rent
One of the best reasons why owning a home is great is that at the end of the day, it’s yours to do with what you wish. Sure, you may have to take out a great big loan, but with every monthly mortgage payment you’re getting one step closer to total ownership, and you’re building equity, too.
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