Owning a home is one of the biggest dreams for most persons. They envision the time when they can get rid of their landlords, make their own home décor choices, and stop worrying about home security.

However, owning a home can become more like a nightmare if you bite off more home than you can chew. It’s important to match your home ownership plans with what you can truly afford.

The mortgage meltdown in the United States has had far-reaching implications on the global financial marketplace. While Americans face thousands of devastating foreclosures and some stunning bank crashes, the rest of the world is reeling from the effects of the reduction in credit availability and the fall in the American consumers’ spending power. Continue reading Buying a home? Don’t buy more than you can afford! →