How can I buy a home and pay less than rent?
Paying rent is
like pouring money down the drain. There are many advantages of home ownership,
and for many, it is the largest and smartest investment they will every
make! Buying a home is the American
dream. Home-ownership gives a feeling
of pride that renting just can't provide. Other than the feelings of pride
and satisfaction that go with owning a home, there are many other
advantages.
Homeowners are given
certain tax right-offs and benefits not available to renters. The interest portion of your monthly payment
is a tax deduction from your income that you have to pay taxes on. During the first few years of ownership, over
90% of your monthly payment is interest. By lowering the amount of income you need to pay taxes on, you'll pay less
taxes. Depending on your tax bracket, this can add
up to a nice annual savings.
With home ownership you'll have other important factors working
for you too. Items like increasing value over a
long period of time and establishing roots within a community.
Many first-time buyers tell us that they hesitated when buying a home simply because they did not understand the
many aspects and benefits of home buying and they didn't know who to ask. We'll take time to
help you with the home
buying process. Owning a home may be easier than you think.
Landmark Mortgage
specializes in assisting individuals in the
transition from renter to home owner. In most cases we can advise you on the best approach and help you get the home of your dreams! |
