Your home is MUCH more than a place to store your things or keep you dry when it’s raining outside. It is also a very important component in your overall financial foundation. I just want you to know that I understand this and am dedicated to helping you find the right mortgage solution. Not just for today - but also for the long haul.
Here are my Top 3 Financial Advantages to Home Ownership:
1) The Mortgage Interest Tax Deduction: Perhaps the most powerful financial incentive for owning (versus renting) is the home owner’s ability to deduct certain expenses (such as mortgage interest) from their taxable income. You may wonder:
What impact will this have on my financial foundation?
I’d be happy to walk you through some of the answers to that question. As you can imagine, numerous factors are involved and one size often does not fit all. Please call me at 949 784- 9699 if you’d like to set some time aside to analyze your situation. Let's talk about the maximum amount you may deduct today
2) Forced Savings - Equity: If you’re like me, you love any opportunity to build equity in something of value over time. That’s why I believe you’re going to enjoy chipping away at your loan’s principal balance with each monthly payment. Depending on the program you select, you might only see small momentum at first. But over time the percentage you’re contributing toward the equity in your home will continue to grow - as will your feeling of self worth and satisfaction. To see a specific example of how this momentum will build for you, please be sure to ask me for an amortization schedule for the loan scenarios we analyze together.
3) Long Term Potential for Appreciation: Let me be clear - there are no guarantees the home you buy will appreciate in value - especially in the short term. In fact, sometimes real estate can actually drop in value. However, if you research the past 75 years of our country’s history, you’ll find that over time real estate purchased properly shows propensity for long term appreciation.
That being said, I always recommend my clients buy a house because they’re going to love spending half their time (or more) there - not because they think one house will appreciate more than another. After all, how does one put a price tag on happiness?
I sincerely appreciate you allowing me this opportunity to help educate you on the home buying process.
http://www.cmgfi.com/agents/caroline--gerardo-barbeau
https://my.cmgfi.com/borrower/signup/cgerardo@cmgfi.com
http://www.cmgfi.com/agents/caroline--gerardo-barbeau
https://my.cmgfi.com/borrower/signup/cgerardo@cmgfi.com