The Advantages of Home Ownership

Among the most appealing advantages of home ownership is that you own it, which gives you, instead of a landlord, control of your living space. Other benefits stem from potential tax savings and the build up of equity as your property likely appreciates in price over time. Equity can be used to help put children through college, purchase a second home, or make home improvements. The mortgage interest paid on a home loan is tax deductible, as is the local property tax. If you get a fixed-rate home mortgage loan, you also can invest more wisely knowing your monthly mortgage payment, unlike rent, will not change substantially.

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4 thoughts on “The Advantages of Home Ownership

  1. Pingback: Best Current Home Mortgage Interest Rates – 5 Insights On Finding The Best Rate | Kentucky USDA RHS Rural Housing Mortgage Loans

  2. Pingback: The Advantages of Home Ownership | Kentucky First Time Home Buyer Mortgage Loan

  3. Pingback: The Advantages of Home Ownership | Kentucky FHA Mortgage Loans

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