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Buying a home is one of the most important financial decisions you’ll make. Homeownership can provide many great benefits.
- Stability – With the rising cost of renting buying a home will create stability. On a fixed rate mortgage, the principal & interest payments remain the same throughout the duration of the loan.
- Appreciation – Most homes increase in value while the mortgage decreases over time. Home improvements to the home also increase the total value.
- Tax Deductions – In most cases mortgage interest and property taxes are tax deductible. Consult with your tax professional for further information on what other deductions could be an option for you.