Of the 120+ million houses in the United States, the majority of them are purchased through borrowing. Many of us enter adulthood looking to find stability and security. Buying a home is the largest physical investment most of us will make in our lifetime and, in this day and age, we are not as patient as previous generations. We aspire to own a home rather than rent something that belongs to someone else, and have a lot of options.

model of home with coins on wooden table

We also live in a time where property values are much higher, interest rates have increased, and mortgages extend for longer periods of time. Financial institutions understand this “need” and are making it easier to own a home … although the long-term situation may not be in the best interest of the buyer. As a result, most of us take on a significant amount of debt that stays with us for many years because only a handful of people can purchase homes without the need of a loan or mortgage.

In reality, buying a home is a major life step than many of us are not fully prepared for. Without asking the right questions and rushing into a decision, more and more people are unable to manage the costs of ownership and are potentially losing their real estate investment. At BorrowingBetter.com, our goal is to help our readers AVOID any negative buying and ownership experiences when it comes to a home. We help our readers fully understand:

  • What is debt?
  • What exactly is a mortgage?
  • How do I build equity?
  • What is a good credit score?
  • How much home can I actually afford?
  • How do I actually buy a house (and what’s involved)?
  • Should I buy a house or a condo?
  • Do I need to get a property assessment?
  • What is the difference between a loan officer and a mortgage broker?
  • Should I consider buying a foreclosed home?
  • What’s the best time of year to buy a house?

BorrowingBetter.com is an online resource designed to help take the “guesswork” out of buying and financing a home. Because the housing market is constantly evolving and changing, this site is updated with weekly content from industry experts and resources that can help you make the right decisions about the purchase of your next home or condo.

Whether it’s your first properly or one of many you’ve purchased in your lifetime, the information found here is meant to take the pressure and uncertainty out of one of the biggest financial decisions you may make in your lifetime.

Should you have any questions, comments or recommendations for content on our site, please reach out to us using our Contact Us page. This website is for you, our readers. We take our role as educators and advocates very seriously and know this site would not be successful without YOU!