HOME OWNERSHIP
Owning your dream house
Owning your dream home is not impossible. Follow our simple guide and buy that house!

  • Weigh your options carefully. Just because buying a home is an integral part of the American dream, it’s no guarantee that it’s the right choice for you. Weigh the pros and cons of ownership to determine how homeownership will affect your lifestyle and finances.
  • Take care of your credit. Request a free copy of your credit report and take any necessary action to repair or raise your credit score--the higher your score, the lower your mortgage.
  • Gather your down payment. Making the down payment on a house can be a big financial hurdle but you have many options. Research the possibilities and choose the best one for you.
  • Get help from a pro. A good real estate professional can save you money, even after they take their commission. Get referrals and shop around until you find a knowledgeable real estate agent and mortgage broker who will work for you.
  • Negotiate, negotiate, negotiate. There is more to home buying than getting the best price. Do your homework and work with your real estate professional to get the most favorable terms.
  • Choose your mortgage wisely. Gone are the days of one-size-fits-all mortgages. Work with a mortgage broker to find the best deal at the best terms for the life of your loan.
  • Protect yourself with homeowner's insurance. You’ve worked so hard to buy your new home, don’t neglect to insure it.
  • Take steps to pay off your mortgage early. Save on interest costs and gain peace of mind by finding a way to accelerate the repayment of your loan’s principle.
Take a Stroll
Down MainStreet
To view MainStreet.com's Image Clouds, you must have the most recent version of Flash Player and Javascript must be Enabled. Click here to download the most recent version of the Flash Player.
To view MainStreet.com's Tag Clouds, you must have the most recent version of Flash Player and Javascript must be Enabled. Click here to download the most recent version of the Flash Player.
Jim Cramer's Charity Auction Picks
Want To Bid On The Hottest, Most Exclusive Items... All In The Name Of Raising Money For Charity?
Sponsored Links


 
© 1996-2008 TheStreet.com, Inc. All rights reserved.