Do you consider yourself a home owner even if you are paying a mortgage?

Question

Yeh that's what I would have though, that you aren't really a homeowner til you have actually paid for it, before that the bank can take it away. I am technically a homeowner, but I am only 23 and it's through no effort of my own so I don't consider myself to be one.

Answer 1

You are not a homeowner unless your name is on the title of a house.

Answer 2

I hold the deed and title to mine, so yes.  

Answer 3

Yes - i'm finally able to say i'm a proud home owner - sure i have a million more payments - but its still all mine!!!!!!!

Answer 4

yes, gezz im paying 2 mortgages at the moment....

but yes u are consided a home owner.....u live in the home, u are the one that has made the contributions to paying for the home...more then anyone else....the home is in your name...as is the house insurance......

:)

Answer 5

yes

Answer 6

If your making payments you own it.

Answer 7

You are more than "technically" a homeowner, you are a bonafide 100% homeowner.

Answer 8

The owner of record is the name that is on the recorded deed.  

Answer 9

Of course.  I own the house even though I have a mortgage.

Answer 10

I can see your point.

But you do buy the home.  You borrow money and purchase a home with the cash you are given.

It is the same with cars.   You borrow money, you buy a car, that car is yours.

Both the home and car have liens on them, which limits what you can do, such as you can't sell until you repay the money.