Find a new home this new year
With low rates, a variety of down payment assistance programs and flexible credit guidelines, there’s nothing holding you back from achieving your homeownership dreams. Make 2019 the year you make one of the best investments of your life.
Owning a home opens new doors for your future. Homeownership allows you to build up equity and potentially qualify for valuable tax deductions*. Here are some of the biggest benefits to owning a home:
Your money stays yours
Why put your hard-earned paycheck into a landlord’s pocket via monthly rent payments? By owning a home, your monthly payment increases your home equity. Making mortgage payments reduces what you owe and increases the value of your home. While equity takes time to build up, you could eventually tap into it to pay for home improvements, pay off student loans or pay off credit card debt.
Essentially, a monthly home payment is a re-investment in your long-term financial security. Homeownership is a gigantic step toward your future success.
Your payment is consistent
With homeownership, there’s no need to worry about whether your rent will increase the following year. In fact, your monthly payments would remain constant. Rising rent concerns would be a thing of the past! There’s nothing wrong with adding a little more consistency into your life. Buying a home can do just that.
Your home is your palette and your castle
Perhaps the best part about owning a home is it’s yours. You don’t have to worry about renting restrictions. This goes for any renovation projects too. Unlike an apartment, your home can be whatever you want it to be. If you want to repaint the bathroom, repaint the bathroom! If you want to knock down a wall to create a more open space, grab your sledgehammer! You run the show.
The opportunities to renovate and improve your home are endless. Make it a reflection of your style and creativity. Your loan officer can even connect you with a Renovation Specialist to help you obtain financing for your home improvement projects.
Your roots grow deep
Sure, you might know the people on the same floor of your apartment building. But owning a home makes you an active member of a community. It’s your home on your block. You’ll have neighbors you see every day. You’ll experience lasting memories throughout the neighborhood as your family grows and you meet new people. It’s not just a house you’re moving into. You’re joining the surrounding community, too.
Are you convinced that homeownership is the way to go? Contact your loan officer today if you’re ready to explore your home buying options further!
*Guaranteed Rate does not provide tax advice. Please contact your tax advisor for any tax-related questions