The Joys of Owning a Home
We are all in the middle of the COVID-19 crisis and it has been a very unique time in history. One of the effects of this crisis is the extremely low mortgage rates that are happening. With that in mind, this may be the PERFECT time to buy your first home. Turn something POSITIVE out of such a negative time. Get pre-qualified and learn more about the current low mortgage rates and call our mortgage company in Osage Beach today. Our Lake of the Ozarks mortgage lenders can be reached at (573) 302-9990. MHQ - Mortgage Headquarters is here for you! In the meantime, keep reading this week's blog to learn all about some of the possible JOYS of owning a home.
ENJOY THE VALUE OF A GOOD INVESTMENT.
By that, we mean equity. Your equity in your home is the amount of money you can sell it for minus what you still owe on it. Every time you make a payment toward your mortgage, you reduce the amount you owe. That reduction increases your equity.
ENJOY THE POSSIBLE TAX BENEFITS.
Homeowners who itemize deductions may reduce their taxable income by deducting any interest paid on a home mortgage. Homeowners who itemize deductions may also reduce their taxable income by deducting property taxes they pay on their homes.
ENJOY PUTTING YOUR MONEY TOWARD SOMETHING YOU WILL ACTUALLY OWN.
You could rent a home and not have to worry about the maintenance costs to upkeep the home, and you don't have to worry about real estate taxes and other homeownership expenses. But your money is simply being spent and there is essentially nothing to show for the money you're spending on rent. By purchasing a home, you know your payments are going toward something that you own and will be an asset that you'll have for years to come.
ENJOY BUILDING YOUR CREDIT.
When you buy a home and consistently make your monthly loan payments on time, it demonstrates to other lenders that you are a good borrower and the risk of you defaulting on a loan is low. This strong credit history will be helpful in the future when you need other loans for buying a car, making improvements to your home, or paying other major expenses.
ENJOY THE FREEDOM TO DECORATE HOW YOU WANT.
Homeownership offers tremendous freedom to create the living space you've always wanted. You can own pets, paint rooms whatever color you like, make changes to floors and carpeting and do all the things that make a house your home. And the best part is you can make all the changes you want without having to get approval from a landlord!
All of us here at MHQ - Mortgage Headquarters hope this blog found you healthy and safe. If you have any questions about pre-qualifying for a mortgage loan, please do not hesitate to give us a call. We can be reached at (573) 302-9990 and we are here to help. You can also follow us on our social media channels listed below to stay up to date on our latest announcements.
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
www.MHQMortgage.com
ENJOY THE VALUE OF A GOOD INVESTMENT.
By that, we mean equity. Your equity in your home is the amount of money you can sell it for minus what you still owe on it. Every time you make a payment toward your mortgage, you reduce the amount you owe. That reduction increases your equity.
ENJOY THE POSSIBLE TAX BENEFITS.
Homeowners who itemize deductions may reduce their taxable income by deducting any interest paid on a home mortgage. Homeowners who itemize deductions may also reduce their taxable income by deducting property taxes they pay on their homes.
ENJOY PUTTING YOUR MONEY TOWARD SOMETHING YOU WILL ACTUALLY OWN.
You could rent a home and not have to worry about the maintenance costs to upkeep the home, and you don't have to worry about real estate taxes and other homeownership expenses. But your money is simply being spent and there is essentially nothing to show for the money you're spending on rent. By purchasing a home, you know your payments are going toward something that you own and will be an asset that you'll have for years to come.
ENJOY BUILDING YOUR CREDIT.
When you buy a home and consistently make your monthly loan payments on time, it demonstrates to other lenders that you are a good borrower and the risk of you defaulting on a loan is low. This strong credit history will be helpful in the future when you need other loans for buying a car, making improvements to your home, or paying other major expenses.
ENJOY THE FREEDOM TO DECORATE HOW YOU WANT.
Homeownership offers tremendous freedom to create the living space you've always wanted. You can own pets, paint rooms whatever color you like, make changes to floors and carpeting and do all the things that make a house your home. And the best part is you can make all the changes you want without having to get approval from a landlord!
All of us here at MHQ - Mortgage Headquarters hope this blog found you healthy and safe. If you have any questions about pre-qualifying for a mortgage loan, please do not hesitate to give us a call. We can be reached at (573) 302-9990 and we are here to help. You can also follow us on our social media channels listed below to stay up to date on our latest announcements.
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
www.MHQMortgage.com
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