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Owning a Dream

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Submitted By Jasi2Cute
Words 1103
Pages 5
2/9/12
Math 104
Owning A Dream
Jasmine Stith
Prof. Derrick Barbee

2/9/12
Math 104
Owning A Dream
Jasmine Stith
Prof. Derrick Barbee

As children we always dream of one day owning our own home. But with the economy being the way it is, it sometimes makes us feel as though that dream will never come true. But deep in our heart the greatest glory as an adult is to be a homeowner a goal that we believe we can reach if we do what is necessary to achieve that goal of owning our home. In today’s society, the economy is drowning with bottomless pit of debts that homeowners can’t seem to see the light of day. That dream of ownership seems to be farther away than it did just three years ago. We tend to believe that if lady luck would have it along with hard work. We would at least be able to keep a head above water just long enough to achieve that goal without feel as if we have failed before we have even gotten started. We something feel as if we had higher payments on our mortgage that might just do the trick and save us thousands of our hard earned dollars from interest. To begin, this task we must keep in mind that this can cause us to feel overwhelming at first. In order become a homeowner a person must understand what their credit is to obtain this goal. According to, ("How do i," 2010 ) “The first step to buying a home is understanding your options. You can start this process with a preapproval decision. During the preapproval decision process, your Home Mortgage Consultant will run your credit report and analyze your income and assets to give you a clear picture of your home loan options. Lenders look at your credit history to determine how reliable you’ve been in managing your debts. From your credit history, they make assumptions about how you will manage your mortgage payments. The information in your credit history is evaluated and scored. The

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