Your home is not just a structure with four walls and one roof. It instills a wide range of thoughts and emotions in the residents that cannot be found in rented homes. Furthermore, you have long term financial and safety benefits if you male a smart home investment. Let’s take a look at other advantages.
No Hassles of Landlords
When you own home, you are in total control. That means you will not have to face the unpleasantness of dealing with a landlord if you are behind on your payment.
Home Buyers Get Tax Credit
The interest in the monthly mortgage payment can get you a tax break. This significant deduction will help you especially in the early years of purchase.
Beside the property taxes, the closing fee from the federal interest taxes will also save you a decent amount of money from the start.
If you move to your own home from a rented one, you will no longer have a fear of getting an early termination of the lease agreement by your landlord. Home stability means the most basic need fulfilled; the need for shelter and security!
Furthermore, there will be no hassle of renewing the agreement of renting every year and renegotiating the rent terms of the lease including a raise on the price.
Home Investment Means Asset Creation
Your home is an asset and time will increase its value. Also, you can decide to rent a portion of it, and get a regular passive income.
With so many financial options available. You don’t have to wait until you are the 40’s or retired to get enough money to buy a home. You can be a home buyer in your 20s and be its proud owner.
You need to choose a home loan lender with flexible management of repayment options that are according to your home loan and suit your future and present income patterns.
Are you ready to go from Renting to Buying a Home
So these are a few key benefits of making a home investment instead of renting one. Granted, renting a home seems easy but if you think in the long term, getting your own home has tons of huge benefits that are unmatched by renting a home. For assistance call Pacific Lending at Group at 954-227-4727