1. Tax Breaks: Deduct the interest you pay on your mortgage, proprty taxes, and other costs.
2. Gains: A study by the National Association of Realtors found that a typical homeowner has approximately $50,000 of unrealized gain in a home.
3. Equity: Money paid for rent is money you will never see again, mortgage payments let you build equity ownership interest in your home.
4. Savings: Building equity in your home is a ready made savings plan.
5. Predictability: Fixed rate mortgages do not go up over the years.
6. Freedom: The home is yours and you are able to benefit from your investment.
7. Stability: Participate in community activities, establish lasting friendships, and offers your children the benefit of educational continuity.
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1 comment:
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