The Advantages of Home Ownership
- Tax Savings
You can deduct the mortgage interest and property taxes frm the federal income tax if you itemize your deductions.
- Stable Monthly Housing Expense
The monthly housing loan or mortgage can remain the same over the life of the mortgage, depending on which mortgage you choose.
Over the life of the mortgage, you build equity that you may take out to pay for a new car, a trip, or your child's education.
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