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Owning your own home is the
dream of every American, and so too is
it the dream of the hundreds of
thousands of immigrants that come to the
United States to build a new life for
themselves and their families.
Home ownership has become more than just
a dream for many over the past few years
as the credit requirements for home
ownership have been relaxed by a
combination of the Federal Reserve
lowering interest rates and the
willingness of banks and mortgage
companies to offer very creative
financing.
However, beginning in the fall of
2006 and continuing into 2007, credit
requirements for home ownership have
steadily become more strict. Below
are some resources for first home buyers
to evaluate the options available in the
current market environment for home
ownership. |