Tips for buying a first home

Home ownership is at a historic low in the United States, but not owning a home could be one of the biggest financial mistakes anyone could make.

Sherman Ragland, an author and Forbes real estate advisory council member, stopped by the ABC7 studio to talk about home ownership and his new book, "7 Simple Steps to Getting Your Own Home."

Here are some tips for home-buying

1. Make a decision

2. Go get the money

3. Check out local programs

4. Hire a champion

For more information, visit: www.shermanragland.com