With homeownership ranked at the same stature as graduation or marriage in life changing events, it’s no surprise that the number of homeowners continues to grow each year. When all is said and done homeownership provides a number of benefits that will enhance your life!
Equity
When you are renting, your hard earned money is going straight to your landlord. Being a homeowner, you are building equity, you own your space!
Pay Less Taxes
The interest you pay on your mortgage may be tax deductible, which means you pay less to the government. When you’re renting, your rent not only goes to a black hole, it is not tax deductible.
Stay On Budget
increases are almost a given when your lease is renewed. With a fixed-rate mortgage, the principal and interest payments never change. Get a 30-year fixed mortgage, and you can expect 30 solid years of the same principal and interest payments.
Enjoy Your Home
Host parties, paint your walls, hang art and more without having to ask permission from your landlord or worry about your security deposit. You can finally make it completely your own for many years to come!