« Sioux Falls Active Homes |
Main
| Open House Tips »
- Stop paying the landlord. According to the National Association of Realtors, the number one reason people purchase their first home is to quit paying rent. Rents continue to rise and typically mortgage payments stay the same year after year.
- Tax Benefits. The second reason first-time homebuyers purchase is the tax benefits! A large portion of your mortgage interest and property tax can be deducted if you own a home.
- Future Opportunity. The longer you own a home the more equity you establish in your property, making your home a very valuable asset.
- More Space. Whether first-time buyers or repeat buyers, the want and need for more space is always appealing.
- Selection. Many renters feel they take what is available to them. Options for home size, style, location, and other features create a more comfortable and happy living environment.
- Credit Rating. Homeownership is a universal symbol of financial integrity that can improve a person's credit rating.
- Security. Homeownership gives people control, your home is your own.
- Satisfaction. There is a certain satisfaction homeowners receive from landscaping their yards or decorating their home, that renters don't get the chance to enjoy.
- Dream. Fulfilling your dreams gives homeowners a feeling of pride and gives them a feeling of accomplishment.
If you want to get approved for a home loan, you need to have a good credit score. And if you want to secure the lowest rate possible, you need excellent credit. This is not the only criteria for home loan approval in 2011, but it is one of the most important..
Jm
Posted by: Crystal Gardens Homes for Sale | January 06, 2011 at 12:21 AM