Types
of Agents
How
to Select an Agent
Prequalified
or Pre-Approved
7
Reasons to buy a home
Moving
with Teenagers
How
to Find a Home
50
"Things To Watch"
when viewing a home
9
Types of Loans You Should Know
What
is a Sales Contract
Finding
Quality Inspectors
10
Ways to Ascertain a Down Payment
How
Lenders Approve Loan Applicants
Definitions
of Closing Costs
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Buyers' Resource Section:
-7 Reasons to Buy a Home-
- Bigger Paycheck- Interest
on your mortgage is tax deductible, therefore you may
adjust your withholding allowances in anticipation of
the tax break. This translates into a larger "take-home-pay"
weekly.
- Credit- Buying a home is a significant
step in solidifying a good credit report. Buying a home
shows the willingness to pay bills (mortgage), and stability
over a term. Both of these things turn into positive points
on your credit report.
- Independence- Owning a home
offers far more privacy than renting and it allows you
to change your environment as you see fit. You can paint
walls any color, have pets, plant flowers, or anything
else you desire.
- Investment - You are investing
in a durable good. As you make your payments, you are
investing in a "personal savings account". Should you
decide to move, your savings account pays you back with
interest per inflation.
- Satisfaction- Owning a home
can provide it's owner with a great sense of pride and
enjoyment. A home illustrates it's owners values, thoughts,
and lifestyle through freedom in architecture, landscaping,
décor and more.
- Stability- Mortgage Payments
even on adjustable rate mortgages are far more predictable
than rent rates. They also allow you to live in one location
without annual negotiation.
- Tax Advantages- There are a
myriad of unique tax advantages that accompany home ownership.
Not only is interest on your mortgage tax deductible,
but closing costs, and property taxes are as well.
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