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
8 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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-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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