10 Reasons To Buy A Home
1. Equity ~ Money Paid For Rent Is Money That You Will Never See Again, Mortgage Payments Let You Build Equity In Your Home.
2. Predictability ~ Unlike Rent, Your Fixed-Rate Mortgage Payments Don't Go Up Over The Years. (Keep In Mind Property Taxes And Insurance Costs Will Usually Go Up Over Time)
3. It's A Good Time To Buy ~ In Today's Market Affordable Housing Prices, Inventories Of Available Homes And Low Mortgage Rates Makes A Great Opportunity For Home Buyers.
4. Freedom ~ You Can Decorate Any Way You Want, The Home Is Yours And You Benefit From Your Investment For As Long As You Own The Home.
5. Savings ~ Building Equity In Your Home Is A Ready Made Savings Plan, When You Sell You May Be Eligible For Tax Free Gains.
6. Stability ~ Remaining In One Neighborhood For Several Years Gives You Chance To Participate In Community Activities, Lets You And Your Family Establish Lasting Friendships.
7. Owning Your Own Home Is A Way To Build Financial Security~ Homeowners Have A Higher Average In Household Wealth Than People Who Rent.
8. Homeownership Gives Children A Better Start ~ Studies Show That Children Of Home Owners Have Higher Education Levels And Higher Test Scores.
9. Mortgage Interest May Be a Tax Deductible ~ Typically The Vast Majority Of Your Payment Is Made Up Of Interest And For Most That Can Mean Significant Tax Savings.
10. You No Longer Need A Big Down Payment ~ Historically It Was Customary To Make A Down Payment Of 20% Of The Homes Sale Price That Prevented Many People From Being Able To Buy A Home, Today There Are Many Affordable Loan Products That Require Little Or Nothing Down. |
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