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Unlocking the American Dream: Achieving Homeownership Through FHA
Is achieving homeownerships become difficult in America?
Well! everyone knows the answer to that question. But before I start talking about my journey of owning a home in 2023. I would say that I am not a financial expert, however I strongly believe in building assets. Therefore, I decided to buy a house, a small family home that I can afford without being house poor.
Every home buyer’s problem?
My rented accommodation was great, it was a big house with 4 bedrooms and 2 bathrooms, but I always had the feeling that I am just helping someone else building their asset with my money. Furthermore, I wasn’t saving enough because cost of renting a big house, household expenses, insurance and car loans were draining my paycheck. I felt that it will take a lot of time before I save 20% for the down payment. And with ever increase home prices, that 20% will translate into a higher number and I will not have enough to make down payment. Basically, I wanted to end this vicious circle.
What is the solution?
As usual, I started with looking at the properties on Zillow and Redfin. Soon, I had a list of homes I thought I could afford, which were in nice neighborhood, had good schools in the vicinity and were not far from where I work (less than 10…
