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Benefits of Home Ownership
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Benefits of Home Ownership
Benefits of Buying a Home:
Uncle Sam gives you a tax deduction every year on your taxes
Uncle Sam offers tax write offs when buying a home and may even throw in a hand to help you purchase a home
You decide on the colors of your walls, carpet, counter tops…everything!
It’s your yard-all yours!
Buying a home helps to build your credit score
Your payment on the loan remains the same for the life of the loan. Compared to rent, which goes up year after year
When the loan is paid off, you own your home, free and clear!
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Home of the Month
How Much Home Can I Afford?
Purchase price:
$
Down payment:
%
Mortgage term:
years
Interest rate:
%
Property tax:
$ per year
Property insurance:
$ per year
PMI:
%
First payment date:
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Amortization:
show by year
show by month
Loan amount:
$
Loan term:
years
Interest rate:
%
First payment date:
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2004
2005
2006
2007
2008
2009
2010
2011
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2034
Amortization:
show by year
show by month
* Does not include taxes and insurance
MH Buyer’s Guide
($10 Value)