You Own It – It’s yours! That means you can do what you want with it. Plus, home ownership gives you stability and security – it’s an investment in your future.
It Can Appreciate – Yes, housing doesn’t go up all the time, but historically over the years, real estate has consistently appreciated, and many people view buying a home as a hedge against inflation.
It’s Deductible – There are great tax benefits to home ownership. Tax laws favor homeowners and in most cases your home mortgage interest and property taxes are fully deductible.
You Gain With No Pain – Once you’ve lived in your home for two years, you can exclude from $250,000 to $500,000 of profit from capital gains if you decide to sell. Take that straight to the bank!
You’re Building Equity – Each and every month your mortgage payment is reducing the principal balance of your loan – your nest-egg is growing.
What About the Recession?
It’s a great time to buy!
Mortgage Rates are at an All Time LOW – Do not miss this opportunity to save hundreds of dollars a month on interest by buying now.
Home Values are Low – Buy low, Sell high. That’s basic economics and if you are in a position to buy a home now you are putting yourself in a position of financial strength.
Great Deals on Home Upgrades – Builders are offering home upgrades at discounted prices.