Credit:
Owning a home helps you establish
financial credibility.
Independence:
Owning your own home provides you with
independence and more privacy than renting. You are free to paint
walls, plant flowers, keep pets and anything else within legal
bounds.
Investment:
As you make more payments and own more of
your home, you add to its investment value. Most improvements you
make will also add to its value.
Pride:
A home reflects its owner's values and
lifestyle. Owning a home can provide you with a source of pride,
enjoyment and satisfaction.
Security:
A home can provide security against
inflation because the value of your home increases as prices go
up.
Stability:
Being established in a community provides a
sense of belonging, stability and security.
Tax Advantages:
Interest on your mortgage loan is deductible
on your yearly personal income tax return. Many of the closing
costs associated with purchasing your home are deductible, as are
your property taxes.
