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(BPT) - It's an all too familiar monthly event: you write out a rent check and wait for the funds to disappear from your bank account. But what if instead of making endless payments on something you don't own, you could own a home of your own? When you finance a home purchase with a mortgage, you build equity and increase your percentage of home ownership with each payment made.
'Homeownership may sound like a big step, but it's not as out of reach as you might think,' says Eric Hamilton, President of Vanderbilt Mortgage and Finance.
Vanderbilt Mortgage offers these tips to home financing to help you realize a place of your very own:
Assess your financial situation.
Before you even begin to look at homes, you should know what you can afford. Consider your debt-to-income...
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