Happiness – The feeling of owning your own home is exciting and gives you a sense of accomplishment. You get the benefit of making it your own. Doesn’t that sound wonderful!
Tax Savings – The government rewards homeowners by providing tax benefits. The interest paid on your mortgage can generally be deducted from your income.
Appreciation – Home values have a well-documented history of growing over time. This increase becomes equity that benefits you by adding to your financial wealth.
Equity – Renting has often been compared to paying 100% interest, but when you own a home and a mortgage is in place, a portion of your payment goes toward the principal balance on your loan. This builds your equity and acts as a savings account.
Roots – People who own tend to stay in their homes four times longer than renters. This creates an opportunity to get to know your neighbors and connect with your local community.
Education – Research shows children of homeowners earn higher test scores and graduate at a higher percentage than those of renters. Home ownership creates a stable environment for your children that pays off for them, too.
If you’re considering the path to home ownership, give The Gina McKinley Group a call at 480-355-8645 or email [email protected] today!