“ Never let life impede on your ability to manifest your dreams. Dig deeper into your dreams and deeper into yourself and believe that anything is possible, and make it happen.” The American dream is achieved through sacrifice, risk-taking, and hard work, not by chance. All dreams in this life will need a lot of effort and strong determination to make them come true. The American Dream is a life of personal happiness and material comfort as traditionally sought by individuals in the U.S. Everyone in the United States has a different idea about the American dream. For many, the American Dream is Homeownership, and this is possible through the government home loan assistance program and high paying jobs.
The American dream of homeownership …show more content…
It makes their life much easier. There are many reasons that make owning home an American dream. “Most Americans want to own their own home. Some even call it a biological urge, based on our human desire to nest. Whatever the current economic condition of the country, whatever the latest programs offered or atrocities committed by government and banking institutions, that desire doesn't seem to change and is unlikely to change even 25 years from now”. (Diana Olick). The American people prefer to live a stable life in the same home for the rest of their life, they will not feel comfortable if they don't have their own property. Also, The financial reason is powerful because the costs of rent are too expensive in the United State and the American citizens always have the concern of paying rent every month. History suggests that …show more content…
To illustrate, “ The federal government’s Making Home Affordable (MHA) programs are designed to help homeowners who are struggling to stay in their homes. By participating in these programs, Bank of America is helping to make monthly mortgage payments more affordable for borrowers who have suffered a hardship or have lost significant value in the property due to the current financial crisis. Current MHA programs include Home Affordable Refinance, Home Affordable Unemployment Program, and Home Affordable Modification”. (Home loan help. Bank of America). The markets make a lot of services in order to facilitate the home buying costs. They offer too many efficient programs to help the American citizens such as (MHA) programs. For example, Home Affordable Refinance helps if you do not have enough equity to qualify for traditional refinancing, you may still be able to refinance at a lower interest rate. Although, the Home Affordable Unemployment Program helps if you are currently unemployed, you may qualify for suspended payments while you look for new employment, and the Home Affordable Modification helps if you cannot afford your monthly mortgage payments due to a financial hardship, you may qualify for a loan
The American dream of homeownership …show more content…
It makes their life much easier. There are many reasons that make owning home an American dream. “Most Americans want to own their own home. Some even call it a biological urge, based on our human desire to nest. Whatever the current economic condition of the country, whatever the latest programs offered or atrocities committed by government and banking institutions, that desire doesn't seem to change and is unlikely to change even 25 years from now”. (Diana Olick). The American people prefer to live a stable life in the same home for the rest of their life, they will not feel comfortable if they don't have their own property. Also, The financial reason is powerful because the costs of rent are too expensive in the United State and the American citizens always have the concern of paying rent every month. History suggests that …show more content…
To illustrate, “ The federal government’s Making Home Affordable (MHA) programs are designed to help homeowners who are struggling to stay in their homes. By participating in these programs, Bank of America is helping to make monthly mortgage payments more affordable for borrowers who have suffered a hardship or have lost significant value in the property due to the current financial crisis. Current MHA programs include Home Affordable Refinance, Home Affordable Unemployment Program, and Home Affordable Modification”. (Home loan help. Bank of America). The markets make a lot of services in order to facilitate the home buying costs. They offer too many efficient programs to help the American citizens such as (MHA) programs. For example, Home Affordable Refinance helps if you do not have enough equity to qualify for traditional refinancing, you may still be able to refinance at a lower interest rate. Although, the Home Affordable Unemployment Program helps if you are currently unemployed, you may qualify for suspended payments while you look for new employment, and the Home Affordable Modification helps if you cannot afford your monthly mortgage payments due to a financial hardship, you may qualify for a loan