Buying A Home
Buying a home can be scary. You may think about the costs, the saving, the upkeep, or the commitment involved when buying or owning a home. Well, we are here to put those concerns to rest! We believe that as long as you are at the right time of your life to buy a home, there is no reason why you shouldn’t! We have you covered on the pros of buying.
Pros of Buying
Owning a home is considered the American Dream by many, and here’s why:
- Ownership Pride
- Tax Benefits
- Stable Payments
- Equity Opportunities
When owning your own home you can do what you want to it. It is yours, and you can customize it any way you want. It is unique to you. To the paint, tile, and carpet! You can even do major remodels and not worry about asking your landlord.
You may be able to deduct the interest on your mortgage and property taxes. These tax savings may offset a portion of the cost of owning your home. You won’t get anything like that while renting.
With a fixed-rate mortgage, your principal and interest payment will stay the same throughout the entirety of the loan. This allows you to stay on budget from year to year, and you don’t have to worry about the price going up from your landlord.
Owning your own home may be a great way to create equity for the future and provide stability and security for you and your family. By paying rent, you are building somebody else’s equity, and there is no benefit to you.
The key take away from the pros of owning a home is that you can possibly make money, and live how you please. What is there not to like? If you have any questions, give us a call, or email us. Use this link for our contact information.
Watch this video of the owner/VA Home Loan Specialist, give his opinions on why buying is a better option.