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When you carefully choose a house you can afford, the outcome can be significant: By paying your mortgage, you are building equity in a place of your own. Equity is the portion of the property you actually own. Equity increases by paying your monthly payments, and you home may also appreciate in value over time. |
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Tax Advantages: As a homeowner, you can deduct on your federal and state income taxes the amount of mortgage interest and real estate taxes you pay each year if you itemize deductions. |
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Once an owner, always an owner. A first home often leads to a better second home. Owning and properly maintaining the property also offers a sense of accomplishment. |
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The Power of Leverage: Few opportunities in life are as beneficial to your financial well being and also improve the quality of life! Home ownership is a unique opportunity for responsible Americans--that being those folks that pay their bills--to borrow other peoples' money via a home loan and use that to build your personal wealth! This is the American Dream--the opportunity to own your own home! |
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