The joy of home ownership is increased tremendously for one group of consumers. That group is single mothers. Whether single by choice or due to divorce, certainly taking charge of your future and your child's future by buying a home is a tremendous task. According to the National Association of Realtors the average single-female home buyer is under age 45 and gainfully employed. So buying the home is as much about security as it is about financial investing. For single mothers, finding a home that offers programs that assist in financing and obtaining down payment financing is pivotal. Now is a great time to find them, even if you need to consider government assistance for single mothers buying a home.
First, know exactly what your real budget to buy is, decide if a townhouse, condominium or single family home is best for you and the kids and think about whether you need a community that offers a maintenance plan. One of the best ways to be thorough in your housing financing efforts is to do some research, whether it is attending seminars, talking to various lenders or taking to the Web. Read More