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Homeownership allows you to put down |
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By Pradeep 9250367042
 Because of current housing conditions that are currently taking place many people believe that no one should buy a home, at least not soon. That is simply not true. There are some issues that home buyers should watch out for, but those issues, such as sub-prime loans, can be avoided by many working people who have good credit histories. Another truth is that owning a home today can be just as affordable as renting in many areas of the nation. With falling home prices, the time to buy could never be better. Here are some things to think about when you are considering buying a home. Buying a home allows you to begin building equity in the home. As you pay off the mortgage you begin to increase your wealth in the home. This is never true with renting. You will be allowed to take advantage of tax deductions that renters do not have access to. Mortgage interest is tax deductible per the current IRS code. Monthly mortgage payments under a fixed rate loan are fairly steady, while a landlord can easily increase your rent. |
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