Imagine being able to retire one day without having to pay rent or even a house payment. For most Americans, their housing expense is the largest expense they pay every month. The sooner you purchase a home the sooner you will pay it off and can be in that very situation.
The advantages to owning your own home are not limited to the future. There are many advantages that you can benefit from year after year. When you pay your rent, that money is gone and you will never see any part of it again. When you pay your house payment, all the interest you pay is tax deductible and you see that benefit every year when you file your taxes. Although housing markets fluctuate, it is a proven fact that property values go up over time. Not only do you get a cash advantage with the tax deduction, but your investment grows as your home appreciates. There are benefits to owning your own home above and beyond the financial advantages, such as pride in ownership and the ability and freedom to do what you want with your property.
There has never been a better time to purchase your first home. Interest rates are extremely low and so are home prices. If owning your own home is something you would like to achieve, now may be the time to check out your options. Contact Us and we will be happy to educate you on everything you need to know about purchasing your first home and answer any questions you might have.