Freshen Up On The 7 Financial Benefits of Home Ownership This Tax Season............... The financial benefits of homeownership are evident year round, but particularly around tax time – they seem to jump off the page. Let’s examine how homeownership makes “cents” – from the tax benefits, to good old fashioned financial stability. 1. Homeownership Builds Wealth Over Time 2. You Build Equity Every Month 3. You Reap Mortgage Tax Deduction Benefits • Mortgage deduction: • Some closing cost deductions: • Property tax is deductible: 4. Tax Deductions on Home Equity Lines 5. You Get a Capital Gains Exclusion 6. A Mortgage Is Like a Forced Savings Plan 7. Long Term, Buying Is Cheaper than Renting As always, you must look very hard at your personal situation before making the big decision to buy.
Posted on: Mon, 31 Mar 2014 14:53:57 +0000
Trending Topics
Recently Viewed Topics
© 2015