There are a lot of reasons people are skeptical on buying homes. After all buying a home is a big moment in your life but can be very scary. Down payments are a big reason why people do not purchase homes. Everyone thinks its required to put a 20% down payment down in order to qualify. In 2017 you can put down as little as 3.5% (depending on certain situations and does not reflect market fluctuations). There are even programs now that will help you. Not to mention in 2017 rent prices are skyrocketing at a very fast pace in the United States. The growth of El Paso Texas is bringing in more new homes to be built. Houses are being sold at very fair prices versus renting a home and spending money monthly when you can be investing in your own property. During the last few weeks’ interest rates have been at their best so what better time to purchase than now? According to bankrate.com they are at “historic lows”, but knowing which way rates will go is almost impossible, kind of like predicting when stocks are going up. Tax breaks in 2017 are a big thing as well for the end of the year. Anything you paid on loans can be counted as a tax break. You can avoid capital gains tax so you can definitely save thousands here. All in all a great reason for home ownership, I must add, is the best ways to create financial freedom for yourself.