Owning a home comes with responsibilities and risks that you don’t have to worry about when you rent, such as a mortgage, taxes, homeowner’s insurance, maintenance and repairs, to name a few. However, there are far more advantages to owning:
• Historically, it has trended that over time, you’ll lose money by renting instead of owning your own home. Why not build up equity in a home instead of paying your landlord’s mortgage?
• You can take advantage of many ongoing tax benefits, like deducting the interest on your mortgage and property taxes from your income tax.
• Owning a home isn’t just a good investment in financial terms, it’s also an investment in a higher quality of life – particularly if you have a family or if you’re planning one.
• There is a special kind of pride in the ownership and upkeep of a home that you won’t get with renting. At the end of the day, it just feels good to own your own home. You can decorate it any way you like, renovate or build additions, personalize your landscaping and make it your own.
So the bottom line is that if you are currently renting but really want to own a home, this is a fantastic time to buy. And again, you may qualify to buy and not know it. For complete mortgage loan program details and to find out if you qualify, contact us today at 888-488-3807 or go to www.OneTrustHomeLoans.com.