roperties over $700,000 have sold, however, many properties under $700,000, have been selling at reduced prices.

7. Piece of mind:

Have you ever wanted to paint or landscape a rental house, but chose not to because you were not the owner of that house? When you own a home, you have the right to do most anything you want. If you like certain colors inside your home, you can do that. If you like to garden and want to raise special flowers, you can do that. You have piece of mind knowing that this belongs to you.

1. Research:

First, find out what type of home loan works for you. There are many different kinds of loans available in today. You will find just the right combination that works in your favor. Second, research available properties. If you are a first time buyer, you may not want to try and purchase the dream home just yet. Look for properties that are within your price range and budget. You have time, so carefully choose your home. That dream home will be available to you in no time. You need to establish yourself first.

2. Time frame:

How soon would you like to make the move into a home of your own. One good gauge, is with the ownership of real estate comes excellent tax deductions you may need. Another gauge is family. Do you need more space?

3. Availability of funds:

Do you have funds for a down payment? If not, there are many loan programs available to you that require no money down. You can go with 100% financing, usually at a fixed rate for a period of 2 or 3 years at which time the rate will change according the provisions given by the lender at the beginning of the loan. Do you have funds for closing costs? If not, seller's may be willing to pay a portion of those closing costs or some loans can be higher than 100% to help with closing costs as well.

4. Area:

What area do you want to live in? Do you need to live close to work, perhaps because of the rising gasoline prices, or do you need to live close to certain schools for your children or should you live in an area where housing is less expensive and you get more house for your dollar. These are just a few of items to think about in deciding on an area to live.

5. Rising interest rates:

Over the last 2 years interest rates have increased at a steady pace. The prime rate of interest has gone from 7.25% to 8.25% in less than a 2 year period. Interest rates are still low, however, projections show that interest rates will continue to increase during the rest of 2006.

6. Housing costs:

The median price of a home has increased in the last 6 months, only because many properties over $700,000 have sold, however, many properties under $700,000, have been selling at reduced prices.

7. Piece of mind:

Have you ever wanted to paint or landscape a rental house, but chose not to because you were not the owner of that house? When you own a home, you have the right to do most anything you want. If you like certain colors inside your home, you can do that. If you like to garden and want to raise special flowers, you can do that. You have piece of mind knowing that this belongs to you.

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2. Time frame:

How soon would you like to make the move into a home of your own. One good gauge, is with the ownership of real estate comes excellent tax deductions you may need. Another gauge is family. Do you need more space?

3. Availability of funds:

Do you have funds for a down payment? If not, there are many loan programs available to you that require no money down. You can go with 100% financing, usually at a fixed rate for a period of 2 or 3 years at which time the rate will change according the provisions given by the lender at the beginning of the loan. Do you have funds for closing costs? If not, seller's may be willing to pay a portion of those closing costs or some loans can be higher than 100% to help with closing costs as well.

4. Area:

What area do you want to live in? Do you need to live close to work, perhaps because of the rising gasoline prices, or do you need to live close to certain schools for your children or should you live in an area where housing is less expensive and you get more house for your dollar. These are just a few of items to think about in deciding on an area to live.

5. Rising interest rates:

Over the last 2 years interest rates have increased at a steady pace. The prime rate of interest has gone from 7.25% to 8.25% in less than a 2 year period. Interest rates are still low, however, projections show that interest rates will continue to increase during the rest of 2006.

6. Housing costs:

The median price of a home has increased in the last 6 months, only because many properties over $700,000 have sold, however, many properties under $700,000, have been selling at reduced prices.

7. Piece of mind:

Have you ever wanted to paint or landscape a rental house, but chose not to because you were not the owner of that house? When you own a home, you have the right to do most anything you want. If you like certain colors inside your home, you can do that. If you like to garden and want to raise special flowers, you can do that. You have piece of mind knowing that this belongs to you.

the provisions given by the lender at the beginning of the loan. Do you have funds for closing costs? If not, seller's may be willing to pay a portion of those closing costs or some loans can be higher than 100% to help with closing costs as well.

4. Area:

What area do you want to live in? Do you need to live close to work, perhaps because of the rising gasoline prices, or do you need to live close to certain schools for your children or should you live in an area where housing is less expensive and you get more house for your dollar. These are just a few of items to think about in deciding on an area to live.

5. Rising interest rates:

Over the last 2 years interest rates have increased at a steady pace. The prime rate of interest has gone from 7.25% to 8.25% in less than a 2 year period. Interest rates are still low, however, projections show that interest rates will continue to increase during the rest of 2006.

6. Housing costs:

The median price of a home has increased in the last 6 months, only because many properties over $700,000 have sold, however, many properties under $700,000, have been selling at reduced prices.

7. Piece of mind:

Have you ever wanted to paint or landscape a rental house, but chose not to because you were not the owner of that house? When you own a home, you have the right to do most anything you want. If you like certain colors inside your home, you can do that. If you like to garden and want to raise special flowers, you can do that. You have piece of mind knowing that this belongs to you.

use for your dollar. These are just a few of items to think about in deciding on an area to live.

5. Rising interest rates:

Over the last 2 years interest rates have increased at a steady pace. The prime rate of interest has gone from 7.25% to 8.25% in less than a 2 year period. Interest rates are still low, however, projections show that interest rates will continue to increase during the rest of 2006.

6. Housing costs:

The median price of a home has increased in the last 6 months, only because many properties over $700,000 have sold, however, many properties under $700,000, have been selling at reduced prices.

7. Piece of mind:

Have you ever wanted to paint or landscape a rental house, but chose not to because you were not the owner of that house? When you own a home, you have the right to do most anything you want. If you like certain colors inside your home, you can do that. If you like to garden and want to raise special flowers, you can do that. You have piece of mind knowing that this belongs to you.

roperties over $700,000 have sold, however, many properties under $700,000, have been selling at reduced prices.

7. Piece of mind:

Have you ever wanted to paint or landscape a rental house, but chose not to because you were not the owner of that house? When you own a home, you have the right to do most anything you want. If you like certain colors inside your home, you can do that. If you like to garden and want to raise special flowers, you can do that. You have piece of mind knowing that this belongs to you.

8. Equity is money in the bank:

As you payoff your existing loan or loans and the home you buy goes up in value you have equity in that house. You want to remodel or add on to your house. You can borrow on that equity to get a loan for most any reason. This is called a home equity line of credit.

9. Tax write off:

With home ownership, you can now deduct the interest on the loan or loans you have each year when you file your taxes bringing down the amount of federal taxes you owe each year.

10. Pleasure:

The pleasure is of knowing that you actually own a home. Whether it's a condominium or a grand property with a pool and land, you will feel great pleasure knowing that this is the American dream and it should be yours.