BUYING YOUR STARTER HOME
The advantages of home ownership are many: building equity; tax deductions; the promise of appreciating value; and having a place that belongs to you. With mortgage rates at historic lows, this is an opportune time to take the big step. But first, make sure that homeownership is right for you. If you plan to stay in the home for at least five years and your monthly nut will not exceed 43 percent of your income, the federal Consumer Finance Protection Bureau says you can give yourself the "go" sign.