$TOP Throwing Your Hard Earned Money Away on Rent!!! 

Advantages of Buying a New Home

If you are thinking about buying a house, consider the following advantages:

• A house is a form of forced savings (you make payments on an asset that may grow in value--many families would never accumulate assets otherwise).

• Homeowners often have a sense of pride and status in home and community.

• A homeowner may have a better credit rating (equity in a home improves the credit status of the family and can be used as collateral for an emergency loan).

• Mortgage payments contribute to an investment, particularly if the property is located where it increases in value over a period of years.

• Monthly payments remain relatively constant for many years (fixed loan), thus housing costs are stabilized because present and future costs can be estimated and planned.

• Interest on mortgage monies and taxes are legitimate income tax deductions.

• The house may increase in value, resulting in a significant gain in net worth.

• Ownership may contribute to security, especially in retirement years when income normally decreases.

• A homeowner can borrow against his/her equity, as the value of the house increases against what is owed on it.

• More space may be available for family members and their activities.

• A homeowner has freedom to make improvements and changes to the house and surroundings as desired.

• Homeowners generally are concerned about community affairs and how they may affect their property, which results in a greater sense of community.

• Homeowners often have a sense of pride and status in home and community.

• A homeowner may have a better credit rating (equity in a home improves the credit status of the family and can be used as collateral for an emergency loan).

• Mortgage payments contribute to an investment, particularly if the property is located where it increases in value over a period of years.

• Monthly payments remain relatively constant for many years (fixed loan), thus housing costs are stabilized because present and future costs can be estimated and planned.

• Interest on mortgage monies and taxes are legitimate income tax deductions.

• The house may increase in value, resulting in a significant gain in net worth.

• Ownership may contribute to security, especially in retirement years when income normally decreases.

• A homeowner can borrow against his/her equity, as the value of the house increases against what is owed on it.

• More space may be available for family members and their activities.

• A homeowner has freedom to make improvements and changes to the house and surroundings as desired.

• Homeowners generally are concerned about community affairs and how they may affect their property, which results in a greater sense of community.

Renting vs. Buying:       Want to see how the dollars and cents can work for your situation? 

Click on the below link for a financial calculator to do just that for you.

http://www.baymontfinancial.com/Calculators/RentVown.aspx?