A Few FANTASTIC Perks Of Owning a Home
Have you ever thought about owning a home? Have you rented for most of your adult life but now you feel like this may be THE YEAR to become a homeowner? If so, you aren't alone. Many people have actually been buying homes this year especially due to the housing market conditions and the lower rates. That being said, have you ever thought about some of the perks of owning a home? Some of them may SURPRISE you. Our mortgage company at the Lake of the Ozarks is here to give you a few FANTASTIC perks of owning a home in this week's blog. If you decided that you are THROUGH renting and want to talk about your home loan options with an expert, please call MHQ - Mortgage Headquarters today. Our experienced mortgage lenders at the Lake of the Ozarks would love to walk you through your options and answer any questions you may have. Give us a call at (573) 302-9990.
A Few FANTASTIC Perks Of Owning a Home
Your home could appreciate in value over time.
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 a propensity for long-term appreciation.
You could be enjoying certain tax deductions.
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.
You could be building great equity in your home over time.
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.
Ready To Be a Homeowner in 2020? We Are Here For You!
You name it, Mortgage Headquarters can do it. FHA, VA, Conventional, Jumbo, Fannie Mae and Freddie Mac -- and countless other ways to help you clear the path to your new home. When looking for a new home, smart consumers first seek pre-approval by one of our mortgage professionals. You'll gain the credibility of a cash buyer. You'll know how much you can afford and be well on your way to the mortgage program that's right for you as soon as you make the offer!
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