Friday, August 26, 2011
Just as in the past, owning a home is still part of the American Dream today. Whether you are single or have a family, owning a home gives you freedoms not available with other living spaces as an apartment, duplex or condominium. When owning a home, homeowners can change their front yard and back yard landscapes to reflect their personalities or particular styles shown on television shows or in magazines, homeowners can put in a ground pool with spa, add on a patio with fan and ambiance lighting, change a garage into a room and built a garage detached from the home.
Oh my, there are so many things a homeowner can do with their own home. Whether a home is 1,500 square feet or 10,000 square feet, if a homeowner wants to grown their own food, it is easy to add your own garden to your backyard yourself or hire a garden landscaper to plant the vegetable and fruit seeds of your choosing. On the other hand, when renting an apartment, duplex or condominium, the property manager or owner will not allow any of the above to be put in. Owning a home gives you freedom to invite over as many guests as you would like and just feel proud that you are a homeowner and know you are putting equity into your home. Equity is not possible when renting an apartment, duplex or condominium.
Now, owning a home also requires applying for a home loan. It is rate in this day and age that a potential homeowner will be able to purchase their home outright. Owning a home is a big investment which is well worth the home loan. Before applying for a home loan, it is best to do some homework. The Internet offers a lot of resources for learning more about owning a home and learning how the home loan rates are. It is better for homeowners to do their homework and go into a home mortgage company fully armed with mortgage lending information you can share with a lending agent. To make sure your loan will be safe, it would be a good idea to visit the LoanSafe.org website. At LoanSafe, potential homeowners will learn mortgage rates being low or high that day, getting free help for mortgage loans, you can use a mortgage calculator, learn about the TIL, Truth in Lending Act, you can also join the LoanSafe forums.
Once you have learned what it takes to apply for a home mortgage, go to Aurora loan , and talk with one of their agents. Aurora Loan Services LLC you will be applying for a loan with the largest residential loan servicer in the United States. Aurora Loan Services provides prime and sub prime home mortgage loans.