One big advantage of owning a home, in addition to pride of ownership, is the ongoing tax advantages. This includes the deductibility of interest payments and property taxes. Also, with each payment the balance of the amount owed declines, thus building equity in the property for the owners. Many families consider ownership of their home as their best saving program. In time their equity can grow their capital worth to the point where they can acquire a more expensive step-up home.
A lesser known benefit of home ownership relates to its effect on children. Several studies have pointed to the positive impact of ownership on the lives of kids in the household. They feel more secure and tend to be more self-confident while living in a home owned by their family as opposed to living in a rental residence.
Go Rangers,LISA HITCHSr. Mortgage BankerFAIRWAY INDEPENDENT MORTGAGE CORPORATION3541 Teasley Lane Suite 200Denton, TX 76210940-484-5626 Office940-390-7723 Cell940-484-0072 Fax
Corinth TX real estate market. Find homes for sale in Corinth, TX. Leeza Morris, Realtor, MCNE (Master Certified Negotiation Expert), Local Real Estate Assoc. Broker/Owner of Cloud Realty, division of Mi Real Estate Cloud, Inc., Denton Texas (469) 300-1109. www.TXCloudRealty.com
Real Estate Flower Mound, Highland Village and Denton
Monday, October 18, 2010
Mortgage message from Lisa Hitch
Renters: Now is the Time to Buy!
