3 Ways Your Home Mortgage Factors Into Your Financial Future
Your home is MUCH more than a place to store your things or keep you dry when it’s raining outside. It is also a very important component in your overall financial foundation. We, at MHQ - Mortgage Headquarters of Missouri, want you to know that we understand this and are dedicated to helping you find the right mortgage solution. Not just for today - but also for the long haul.
1. The Mortgage Interest Tax Deduction
Perhaps the most powerful financial incentive for owning (versus renting) is the home owner’s ability to deduct certain expenses (such as mortgage interest) from their taxable income. You may wonder: What impact will this have on my financial foundation? We'd be happy to walk you through some of the answers to that question. As you can imagine, numerous factors are involved and one size often does not fit all. We'd be happy to set some time aside to analyze your situation.
2. Forced Savings - Equity
If you’re like us, you love any opportunity to build equity in something of value over time. That’s why we believe you’re going to enjoy chipping away at your loan’s principal balance with each monthly payment. Depending on the program you select, you might only see small momentum at first. But over time the percentage you’re contributing toward the equity in your home will continue to grow - as will your feeling of self worth and satisfaction. To see a specific example of how this momentum will build for you, just ask for an amortization schedule for the loan scenarios we analyze together.
3. Long Term Potential for Appreciation
First, to be clear - there are no guarantees the home you buy will appreciate in value - especially in the short term. In fact, sometimes real estate can actually drop in value. However, if you research the past 75 years of our country’s history, you’ll find that over time real estate purchased properly shows propensity for long term appreciation.
That being said, we always recommend that clients buy a house because they’re going to love spending half their time (or more) living in - not because they think one house will appreciate more than another. After all, how does one put a price tag on happiness?
Let's Find the Right Mortgage Solution for You!
If you're in need of a mortgage for a new home, need to find out about your refinancing options, or have any other questions pertaining to mortgage lending, trust in the mortgage professionals at MHQ - Mortgage HeadQuarters to have your best interest in mind. We can help you choose a mortgage program that's right for you and your specific needs!
Mortgage Headquarters of Missouri, Inc
4824 Osage Beach Parkway, Suite 1
Osage Beach, MO 65065
Office: (573) 302-9990
Toll Free: (888)799-1206
Fax: (636)648-9917
NMLS # 1229111
Here are the Top 3 Financial Advantages to Home Ownership:
Perhaps the most powerful financial incentive for owning (versus renting) is the home owner’s ability to deduct certain expenses (such as mortgage interest) from their taxable income. You may wonder: What impact will this have on my financial foundation? We'd be happy to walk you through some of the answers to that question. As you can imagine, numerous factors are involved and one size often does not fit all. We'd be happy to set some time aside to analyze your situation.
2. Forced Savings - Equity
If you’re like us, you love any opportunity to build equity in something of value over time. That’s why we believe you’re going to enjoy chipping away at your loan’s principal balance with each monthly payment. Depending on the program you select, you might only see small momentum at first. But over time the percentage you’re contributing toward the equity in your home will continue to grow - as will your feeling of self worth and satisfaction. To see a specific example of how this momentum will build for you, just ask for an amortization schedule for the loan scenarios we analyze together.
3. Long Term Potential for Appreciation
First, to be clear - there are no guarantees the home you buy will appreciate in value - especially in the short term. In fact, sometimes real estate can actually drop in value. However, if you research the past 75 years of our country’s history, you’ll find that over time real estate purchased properly shows propensity for long term appreciation.
That being said, we always recommend that clients buy a house because they’re going to love spending half their time (or more) living in - not because they think one house will appreciate more than another. After all, how does one put a price tag on happiness?
Let's Find the Right Mortgage Solution for You!
If you're in need of a mortgage for a new home, need to find out about your refinancing options, or have any other questions pertaining to mortgage lending, trust in the mortgage professionals at MHQ - Mortgage HeadQuarters to have your best interest in mind. We can help you choose a mortgage program that's right for you and your specific needs!
Mortgage Headquarters of Missouri, Inc4824 Osage Beach Parkway, Suite 1
Osage Beach, MO 65065
Office: (573) 302-9990
Toll Free: (888)799-1206
Fax: (636)648-9917
NMLS # 1229111
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