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Perks Of Homeownership
Your monthly payments will remain stable.
When you purchase a home with a fixed rate mortgage, the majority of the payment (principle and interest) remain constant. On the other hand, rent rates continue to change. Your housing expense is much more stable if you own instead of rent.
You may have some tax benefits.
According to theTax Policy's Briefing Book there are several tax advantages to homeownership.
Here are four items they listed:
Mortgage Interest Deduction
Property Tax Deduction
Profits from Home Sale
You can take pride in ownership.
Most surveys show that a major factor in purchasing a home is the freedom you have to design the home the way you want. From paint colors to yard accessories, you don’t need a landlord’s permission to make the house feel like a home.
There are many benefits to homeownership and our team wants to get you there! So what are you waiting for?!