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The American Dream... Home Ownership!
Fairy tales do come true, it can happen to you...
Many people still believe that home ownership requires spotless credit, a larger than life
income, and a down payment equal to 20% of the selling price. However, In today's ever
changing financial environment, home ownership may very well be within your reach. Let us
help the American Dream come true for you!
Advantages of Home Ownership: Tax Benefits: Home ownership vs. Renting
As a tenant, your rent pays for a place for you to live, period... end of story! However, as
a homeowner, both the interest on your home mortgage and the real estate taxes are IRS tax
deductions when you file your tax return. The tax savings can be significant and can help
offset the actual monthly mortgage payment (actual tax deductions can be determined by your tax advisor).
As a renter, only your landlord benefits from the tax advantages of home ownership, when in
fact you are paying off your landlords mortgage.
Equity Buildup: Home ownership vs. Renting
As your real estate becomes more valuable, equity is like money in the bank. For example, if
you purchase a home today for $150,000 and over time the market value increases to $200,000,
you have $50,000 in "equity". This allows you to realize a profit of $50,000 when the property
is sold, or the ability to borrow the equity in the form of a 2nd mortgage or refinance. As a
renter, only your landlord enjoys the advantages of equity buildup through your mortgage
payments.
Liberties of Ownership
As a homeowner, you have the freedom to remodel to your desires, paint the exterior of the home
or interior rooms with colors you choose, enjoy pet ownership without landlord approval, and
most of all answer only to yourself for decisions made about your home.
Stable School Choices
Home ownership gives you the peace of mind that your children can attend the same school system
throughout their career as a student. As a renter, your school preferences are limited by
available rental choices as your leases expire.
Your home town needs one more homeowner, and that's you! Contact David Uldrich today and become that homeowner!
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