It is not just a house but a home. Not just an apartment, condominium or town house but an own house. Mortgage. One way of owning a home is through home loans. Well, it is a common way here in USA, that is. It is seldom you can hear a person or family buys a house with spot cash or cash. Well, they prefer it that way than renting though there are also advantages of renting. 

Mortgages of owning homes, buildings, land and alike is to pledge that if a buyer cannot pay for a desired length of time of paying the loan, agreed to give-up such property. But of course there are ways and means before that happened and I believe one cannot have loans without a solid credit history or an ability to pay for it. Five Star Mortgages has an explanation and terms for that as it explains its business ideals. You may like to find and check it out, its rates and many others concerning about owning a home through mortgage or loan, if you are planning to have one. Owning a property especially a house is such an accomplishment and fulfilling  a dream. Good luck of your journey to own a home then!