Along with your own personal motivation to own a home, there's a sound financial reason to buy:
Your home may be the single biggest investment you'll ever make, one that could pay off significantly in the long run.
The earlier you can redirect the money you currently pay in rent into paying down a mortgage, the faster you'll start building equity in your home.
The earlier you can redirect the money you currently pay in rent into paying down a mortgage, the faster you'll start building equity in your home.
You build equity with each mortgage payment as compared to rent.
And there's a tax advantage to purchasing a home. When you sell your principle residence for more than you paid for it, the increase in value, known as capital gains, is yours tax free.
But that doesn't mean that everyone should be a homeowner. If your move is short-term or if you are unsure of the location in which you want to live, it may be worthwhile to continue to rent for a while.
As a first-time home buyer, you probably have many questions and that needs a careful study on How A Lender offers step-by-step personal assistance from knowledgeable mortgage specialists.
But that doesn't mean that everyone should be a homeowner. If your move is short-term or if you are unsure of the location in which you want to live, it may be worthwhile to continue to rent for a while.
As a first-time home buyer, you probably have many questions and that needs a careful study on How A Lender offers step-by-step personal assistance from knowledgeable mortgage specialists.
So it is time to Go and ask for more benefits.
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