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Getting In Is Easy-Buy NOW!-Expert Antelope Valley Real Estate Advice

 Getting In Is Easy-Buy NOW!-Expert Antelope Valley Real Estate Advice

OK. Last week we talked about renting and the expenses going out to meet your monthly rent amount. This week we will move on to the benefits of home-ownership. a MUCH more fun topic!

 

Getting In Is Easy

  • Convenient Down Payment Options Still Exist
  • $8,000 Tax Credit for First-Time Homebuyers
  • Home Prices Very Affordable
  • Low Interest Rates
  • Payments Similar to
  • Average Rent Over 5 Years




Now For The Good Part!

After 5 years:
Mortgage Balance Declines
Increased Net Worth
Plus Tax Benefits!



Your Uncle Wants to Help

  • If Cash Is Tight –
  • Uncle Sam Can Help
  • Don’t Wait For Refund Bucks: Increase Your Take Home Pay
  • Quit Lending Money to Uncle Sam Interest Free
  • Check Out IRS Calculator To Do It Right

 

 



Tax Advantage

Assuming a $300,000 loan:

P&I  $1,798.65

Taxes            312.50

Insurance       100.00

  Total  $2,211.15

Tax deduction for five years:

Interest $87,082 + Taxes $18,750= $105,832

Using a 25% tax bracket   $26,458

Monthly  $     441

  Mortgage Payment $2211 – 441 = $1,770

  Average Rent (five years)              $1,658

  Payment difference                        $   112

  Plus… Possible $8,000 Tax Credit for FTHB (First Time Home Buyer)!




Got Rent?

Your Landlord Loves You

 

Wealth Created by Home Ownership

 

Buying a home is a Big Step…But a Step in the Right Direction!





If YOU or someone you know is interested in starting the home buying process, feel free to contact RE/MAX All-Pro; it’s not just real estate, it’s a relationship!

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