Say Goodbye to Renting

THERE ARE MANY ADVANTAGES TO OWNING A HOME:

PRIDE OF OWNERSHIP

People stand a little taller once they become a homeowner.

YOU CAN DO WHAT YOU WANT TO DO

There is no one to tell you what you can and can’t do once you own your own home. Want to paint your bathroom? Go right ahead and paint.

TAX BENEFITS

You can deduct mortgage interest and property taxes on your tax returns, which can add up to big savings! You can also deduct some of your closing costs in the tax year that you purchase your home. The IRS even allows you to forgo paying capital gains taxes on your home (up to $250k if you are single and up to $500k if you are married) provided you have lived in the home for two of the last five years when you sell.

BUILD EQUITY

Your loan balance gets reduced with each mortgage payment. Meanwhile, your home should go up in value over time. Our market has been very strong over the last several decades with homes going up in value at 1 – 3% per year. (Past performance doesn’t guarantee future results.)

INCREASED NET WORTH

In the past 15 years, the net worth of the typical home owner has ranged between 31 and 46 times that of the net worth of the typical renter, according to the Federal Reserve’s Survey of Consumer Finances, which is based on 2013 data.

PRE-APPROVAL

The first order of business is getting you pre-approved for financing. Step one is completing a loan application which can be done over the phone or online. We will contact you once the loan application is complete to take the next step.

Pre-approval provides you with the confidence of knowing how much you can afford in advance of shopping for a home. It also offers sellers reassurance that if they accept your offer, there is a high likelihood of the sale closing. Being pre-approved allows you to close faster since most of the paperwork has already been completed. This is good for you and the seller, especially when interest rates are on the rise.