3 Reasons To Buy A Home
Debating whether you should buy a home? Here are three reasons why buying a home has its
advantages over renting.
1. Financial benefits are one of the main advantages of owning your own home. This includes tax
breaks and the...
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3 Reasons To Buy A Home
Debating whether you should buy a home? Here are three reasons why buying a home has its
advantages over renting.
1. Financial benefits are one of the main advantages of owning your own home. This includes tax
breaks and the ability to build equity. Once you've paid off a substantial amount you can tap into that
line of credit if you need money for medical bills, home improvements or emergencies. This is a
significant improvement over renting where the money is gone once it's paid.
2. Autonomy is another big advantage of home ownership. You can make any alterations you would
like such as changing the flooring and wall colors without having the landlord's consent.
3. Retirement is easier if your loan is paid off. Once the full balance is paid you will only be
responsible for your living expenses minus the rent/mortgage bill which is generally the largest expense
for most individuals and families.
Resources : http://www.loandepot.com/
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