There
are many advantages to owning a home, including:
Security — A feeling of security that comes
from owning a home and the knowledge that your home is a safeguard
against inflation.
Investment — Payments on your mortgage loan
mean you are acquiring a major possession; instead of rent, you
own more and more. The garden you plant, the permanent improvements
you make — all enhance your way of living as well as the value
of your home.
Tax Advantage — Your real estate taxes and
the interest on your mortgage are deductible from your income tax.
Financial Independence — Most people start
on the road to financial independence through home ownership. Your
principal and interest payments remain the same for the full term
of your mortgage while your rent usually goes up as the cost of
living increases.
Environment — Your children grow up in the
neighborhood of your choice.
Cash Equity — Better than a savings account,
your home can appreciate to keep pace with inflation.
Satisfaction — Home ownership offers special
advantages that make life more enjoyable - backyard barbecues, large
family gatherings during holidays, a home workshop, a chance to
enjoy your family's companionship in the privacy of your own home.
How much home can you afford?
Our handy calculators
can offer you valuable assistance in determining how
much home you can afford and how much can borrow. |
