Buy a Home

When considering purchasing a home, it's important to keep in mind that it can be a great long-term investment. Not only is it a place to call your own and create memories, but it can also appreciate in value over time. In fact, many homes do see an increase in value and on average, this increase can be around 5% annually. This means that if you were to purchase a home for $200,000, it could potentially be worth $210,000 in just one year. Of course, it's important to do your research and make sure you're making a smart investment by choosing a home in a desirable location and in good condition. Additionally, factors such as the economy and housing market can also affect the value of your home. 

Buying a home is a long-term investment in an asset. Over time, as you pay off your loan, the equity in your home will grow until you fully own it.

Creating equity can open up a world of possibilities. By refinancing or applying for a home equity line of credit, you can borrow against your equity to gain access to funds. This flexibility can help you achieve a variety of goals, such as consolidating debt, funding home improvements, paying for tuition, or supplementing your retirement income

While rental costs can fluctuate significantly, choosing a fixed rate mortgage guarantees a consistent payment plan throughout the life of the loan. This helps maintain stable and predictable payments.

Mortgage interest and property taxes are typically tax deductible, while other expenses like points, application and appraisal fees may also be eligible for deductions. It's always best to consult a qualified tax advisor to learn more about your options.