First Time Home Buyers
There are many benefits of home ownership such
as the ability to remodel, have your own backyard,
and a nicer environment. Along with these freedoms
are also some financial benefits.
- Interest Deductions
You may be able to deduct the interest
on your home loan, as well as the federal
(and sometimes, state) real estate taxes
you pay annually. Be sure to consult your
tax advisor. Because of this tax advantage,
it may actually be cheaper to own than
rent.
- Equity
If the value of your property increases
as you pay down your mortgage, you build
equity that can be used to finance other
major purchases, or as a down payment
on a future home.
- Protection Against Inflation
Home ownership could help you counteract
rising inflation. Although past performance
cannot guarantee future trends, real estate
has historically appreciated at a higher
rate than inflation in most regions.
|
- We offer programs with no down payment and
no closing cost for first time home buyers.
What You Need to Know
Contact a Mortgage
Loan Officer to go over any questions you
may have or call our Mortgage Call Center at 1-888-993-8754.
|
