Mortgage Basics: Introduction – Part 1

Owning a home is part of the American dream, and if you have children there tends to be an even greater drive to make that dream a reality.

Very few Americans have the means to pay cash for a home, so borrowing the funds is a necessary evil. However, with low mortgage rates and plenty of existing homes for sale all across the country, the home buying experience is less of a nightmare than it might be otherwise.

If you’ve never bought a home before, or it’s been several years since your last purchase, please read on as we examine mortgage basics in this first in series of articles.