What are the benefits of homeownership for first-time buyers?
Homeownership brings many benefits. When you buy your first home, you’ll become part of a community and experience the security of owning the roof over your head. Get more information about these potential benefits and others in My FirstHomeSM, an online learning experience that’s helping first-time buyers like you.
As a homeowner, you may also be able to:
Take control: Avoid rent increases and cancelled leases while creating a home that meets your needs and tastes.
Build home equity: Grow your assets with the principal portion of your mortgage payments as your property value increases.
Get tax benefits: Deduct mortgage interest and real estate property taxes on your income tax returns. (Consult a tax advisor regarding the deductibility of interest.)
Build your credit: Create a strong credit history by making on-time mortgage payments.
Learn How To buy Your A Home For Less than You Are Paying Rent!
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