Benefits of Home Ownership

There are many benefits of Home Ownership. Some of the most benefical are listed below.

1. Homeowners accumulate wealth faster than renters.

2. The median net worth for homeowners was $184,400 in 2004 compared to only $4,000 for Renters.

3. Homeownership provides Tax Benefits - Mortgage interest and Property taxes are full Deductilbe for Income Tax purposes

4. Stable Housing Costs - As a Homeowner you no longer have to worry about Increasing Rents

5. Pride of Ownership - Home Ownership gives you and your Family a sense of Stability and Security

6. Capital Gain Exclusion - Up to $250,000 if you are single or $500,000 for a married couple if you have lived in your home for 2 out of the past 5 years.

Home prices are more affordable than they have been in the last two years. If you are still renting now is a GREAT time to purchase instead. There are many First Time Buyer Programs availabe to help you get into a home. You can get into a home with 100% Financing and have the seller pay the closing costs. That mean you can buy with Zero Down and Zero Closing Costs.

Please call Lynne Dewar at (800) 552-1188 to open the door for Home Ownership!