Types
of Agents
How
to Select an Agent
Prequalified
or Pre-Approved
7
Reasons to buy a home
Moving
with Teenagers
How
to Find a Home
50
"Things To Watch"
when viewing a home
9
Types of Loans You Should Know
What
is a Sales Contract
Finding
Quality Inspectors
10
Ways to Ascertain a Down Payment
How
Lenders Approve Loan Applicants
Definitions
of Closing Costs
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Buyers' Resource Section:
-7 Reasons to Buy a Home-
- Bigger Paycheck- Interest
on your mortgage is tax deductible, therefore you may adjust
your withholding allowances in anticipation of the tax break.
This translates into a larger “take-home-pay” weekly.
- Credit- Buying a home is a significant
step in solidifying a good credit report. Buying a home shows
the willingness to pay bills (mortgage), and stability over
a term. Both of these things turn into positive points on your
credit report.
- Independence- Owning a home offers
far more privacy than renting and it allows you to change your
environment as you see fit. You can paint walls any color, have
pets, plant flowers, or anything else you desire.
- Investment – You are investing
in a durable good. As you make your payments, you are investing
in a “personal savings account”. Should you decide to move,
your savings account pays you back with interest per inflation.
- Satisfaction- Owning a home can
provide it's owner with a great sense of pride and enjoyment.
A home illustrates it's owners values, thoughts, and lifestyle
through freedom in architecture, landscaping, décor and more.
- Stability- Mortgage Payments
even on adjustable rate mortgages are far more predictable than
rent rates. They also allow you to live in one location without
annual negotiation.
- Tax Advantages- There are a myriad
of unique tax advantages that accompany home ownership. Not
only is interest on your mortgage tax deductible, but closing
costs, and property taxes are as well.
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Westminster
Real Estate