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| A home is an investment. When you rent, you write your monthly check and that money is gone forever. But when you own your home, you can deduct the cost of your mortgage loan interest from your federal income taxes, and usually from your state taxes. This will save you a lot each year, because the interest you pay will make up most of your monthly payment for most of the years of your mortgage. You can also deduct the property taxes you pay as a homeowner. In addition, the value of your home may go up over the years. Finally, you'll enjoy having something that's all yours - a home where your own personal style will tell the world who you are. |
• It has never been a better time to be a first time home buyer because: • Historically low interest rates, starting at 4.5%
• Affordable home prices, get more for your money - there is a surplus of homes on the market, which in turn has driven down home prices substantially.
• Accommodating loan options with minimal down payments :(FHA - 3.5% down, VA, 100%, conventional - 5%)
• $8,000 tax credit as a financial cushion, money does not have to be repaid
• City grants for closing costs for : Police, Fire Fighters, Nurses, Teachers, EMT's
• Flexible credit requirements 
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