Why Purchase a Home?


It will be yours and yours alone
Owning your own home frees you from the restrictions that renters experience.

Lifestyle
Homeowners are a different breed. They are willing to spend more time, effort and money to improve their property and the community, which in turn improves the value of your property.


Equity Buildup
With each mortgage payment, you are buying something tangible. The longer you own your own home, the greater your equity can potentially be!


Keep up with inflation
Not all homes appreciate in value at the same rate; some years are better than others, but real estate historically has kept pace - and usually exceeded - the rate of inflation.


Income tax benefits
All interest paid on a first mortgage (primary residence) is deductible for state and federal income tax purposes. State and local property taxes also are deductible.


Trade-up value
Even if your first purchase isn't your "dream home", you will be working your way up to that possibility when you buy a home. With appreciation, you are building equity that, one day, will make your dreams a reality.


Security for retirement
Unlike rent, which goes on forever, the mortgage on your home will someday be paid, providing you with security when you retire.


Investment property
For some homeowners, second houses or condominiums are proving to be good investments as income producers and/or tax shelters. As the owner of investment property, you can enjoy not only extra income, but also additional tax benefits from the depreciation allowable provided under present tax laws.