A Place of Your Own
There is much to be said for settling down and feeling at home. As a homeowner, you no
longer have to worry about pleasing your landlord or paying his mortgage payments.
You decide what you hang on the walls and what color the kitchen will be.
Tax Benefits
Home ownership opens the door to tax advantages renters cannot take. Since interest
on a mortgage is tax deductible, you will save thousands on income taxes as a homeowner.
A Good Investment
Houses traditionally increase in value during the years you own them. As you make
mortgage payments, you build equity. The equity in your home can be borrowed against
or converted into cash when you sell, refinance or secure an equity line of credit,
while renters never build equity and take nothing with them when they move.
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Purchase
