This means that even if you have severe credit problems, or you are a recent college graduate, or just a middle-income American - you can own a home. It isn't mission impossible.

However, you need to go about owning a home in a methodical and clear fashion.

And before you actually start looking for a home, you need to understand how you will finance the purchase of your dream home. In other words, you need to be familiar with what a mortgage is, and what it does.