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For most people, buying a home is the single largest investment they will make in their lifetime. There is a lot to learn. We can help you make intelligent decisions through our FREE home buyer consultation.
1. STABLE HOUSING COSTS: Unlike rent, your principal and interest payment stays the same over the term of the loan with a fixed rate loan. Property taxes and homeowners's insurance may fluctuate. Rents may go up every year.
2. FREEDOM: The home is yours. You can decorate it as you like. Landlords may have strict rules as to what you can do with a rental property.
3. INVESTMENT: Typically, homes increase in value each year. This builds equity in your home, which you can borrow against for major expenses and use as a down payment when you buy your next home.
4. TAX BENEFITS: You may deduct mortgage interest and real estate taxes and some closing costs involved in home buying on your tax return.
5. FINANCIAL STEPPING STONE: Purchasing your first home, even if it isn't your dream home and building equity will enable you to have a down payment for your next home. Purchasing a home will help you establish credit.
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