Many people don’t think they can afford to buy a home without realizing that home ownership is within their grasp. According to Homeloanlearningcenter.com home ownership may be more affordable than renting in some parts of the country. They suggest that people research and investigate to see if owning may be a better solution than renting.
Pros of Buying
Build Equity
Your Net worth will increase as your home gains more equity.
Gain Tax Advantages
Mortgage Interest is tax deductible.
Stabilize your payments
When you own you don’t have to deal with the landlord raising the rent. Monthly payments are relatively fixed throughout the course of the loan.
Have a secure place for your family to live
Your home provides a permanent place for your family to live as opposed to having to move out of your rental because the landlord has decided to sell.
Gain a Sense of Community
Home owners are more involved in the well being of their community, working together with their neighbors for better schools and less crime.
With new loan products popping up regularly you may already qualify to buy a home. Give us a call to find out what you may qualify for.