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There’s no better time to buy a house and take advantage of the benefits of home ownership. Here are some solid reasons to start looking now:
It’s A Sound Investment
When you make your mortgage payment each month, you build equity instead of paying rent to a landlord. Your equity is the portion of your home that becomes yours as you pay down the principal you owe the mortgage lender. The longer you stay in your home, the more equity you accumulate. And unlike most things you buy, your house can actually increase in value as time passes; building even more equity.
Owning A Home Has Tax Advantages
Mortgage interest and real estate taxes are tax deductible. You may also be able to deduct part of your housing-related expenses from your income to reduce your tax liability even more.
Step Up to A Better Second Home
As you build equity in your current home, it is usually easier to step up to a larger and better house in the future.
You Have More Control of Your Housing Costs
Rent increases are unpredictable and usually beyond your control. With a fixed rate mortgage the interest rate remains the same for the life of the loan.
It’s Your House!
You can decorate and improve your home according to your own needs and desires. And when you own your home, you’ll enjoy the sense of stability, pride, achievement, and community involvement. If you’re ready to take advantage of the benefits of homeownership, come to your credit union. Call or stop by for more information and the personal service you deserve.
| W.R. Max Bendel
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