Benefits of Homeownership
Now that you are a homeowner, here are just a few benefits that you are receiving from your homeownership.
- Appreciation - Over time an increase can become equity.
- Equity - Equity may create cash flow once your refinance or sell.
- Happiness - You have created a home for your family.
- Tax Savings - Interest paid on your mortgage may be tax deductible.
- Roots - People who own stay in their homes 4 times longer than when renting. You get to know your neighbors and community.
*Consult a tax advisor for possible tax savings