Renting vs. Owning
Owning a new home can bring you security, comfort, and pride. It is a huge step in life and a very important decision to make for you and your family. Are you currently renting and thinking about buying your first home? We know it can be scary, but we're here to help! Here are some benefits to owning a new home:
Ownership means just that: that new home is YOURS! You will always enjoy the feeling that you worked hard to buy this home for yourself and your family.
And because you own a home, you have total control over it! You no longer answer to a landlord. If you want to make any changes in your home, such as painting, home improvements, you don't need to ask permission from a landlord or worry about making a landlord upset. Any improvements you make in your new home will only benefit you and add value to your home.
Your new home is yours to live in for as long as you wish. You do not have to worry about your landlord asking you to move or increasing the rent. With a fixed-rate mortgage, the payment you make in the last month of your mortgage will be the same as or even less than the one you made in the first month.
With owning a new home, there are tax benefits of being able to deduct your mortgage interest from your federal taxes.
If you have any more questions about owning a new home, give us a call at 915-790-1515. We're here to help you every step of the way.