Home ownership is the culmination  of the American Dream. It is a symbol of stability and financial security earned by saving and hard work. The process of buying a home is thrilling and a strenuous experience, but with the help of the best real estate agent and some useful tips, you are able to own a beautiful and affordable piece of your American dream.

In 2007, at the height of the property bubble, 73% of the United States owned their own home. By year 2012, that number sunk to 62% and bad mortgages have been the root cause of the housing crisis. Many people knowingly consented to adjustable interest rates under the belief that they would sell or “flip” their homes before the rates jumped. Many in-experienced home buyers were also victims of predatory lenders who convinced them to sign sub-prime loans that had adjusting terms. As of August, this year, nearly 1.5 million homes were in foreclosure. That’s 1 of every 68 homes in the United States.

As a home buyer, this isn’t meant to scare you, but merely to convince anyone of the importance of fully understanding the terms of your mortgage. As well as picking a home that you can honestly make your monthly payments. Buying a home is a important occasion full of joy and also achievement. It’s also one of the most important financial investments you will ever make. When your heart tells you to buy a victorian home with a huge price tag, make sure to check with your head and your budget first.