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Article: Buying your first home? 10 things you need to know before you make the biggest purchase of your life.(HOMEOWNERSHIP)
- Article from:
- Black Enterprise
- Article date:
- August 1, 2007
- Author:
CopyrightCOPYRIGHT 2007 Earl G. Graves Publishing Co., Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LIKE MANY YOUNG PEOPLE, PAMELA Jowers dreamed of one day getting married and buying a home with her future husband. But the 31-year-old, who lives in Moody, Alabama, decided that she didn't need a ceremony to make her dream come true. She obtained a master's degree, a new job, and, about a year later, realized her dream of homeownership.
"At this point in my life, I feel like I'm really grown," says Jowers with sincerity. "I think I've reached a different stage in my life spiritually, and once my accountant told me that I had only two options to get a tax break--buy a house or have a baby--I told her I only had one option."
Although about 40% of ...