3 Ways a Mortgage Factors into Your Financial Future
Your home is much more than a place to store your things or keep you dry when it’s raining outside. It is also a very important component in your overall financial foundation.
3 Financial Advantages of Home Ownership
- The Mortgage Interest Tax Deduction: Perhaps the most powerful financial incentive for owning (versus renting) is the home owner’s ability to deduct certain expenses (such as mortgage interest) from their taxable income*.
- Forced Savings – Equity: Most people would love any opportunity to build equity in something of value over time. You may enjoy chipping away at your loan’s principal balance with each monthly payment. Depending on the program you select, you might only see small momentum at first. But over time the percentage you’re contributing toward the equity in your home will continue to grow – as will your feeling of self worth and satisfaction.
- Long Term Potential for Appreciation: There are no guarantees the home you buy will appreciate in value. In fact, sometimes real estate can actually drop in value. However, if you research the past 75 years of our country’s history, you’ll find that over time real estate purchased properly shows propensity for long term appreciation.
You Have to Love Your Home
Although the financial advantages are terrific, you have to love a home and be prepared to care for it before making the leap to home ownership. Contact a licensed Inlanta Mortgage loan officer to discuss today’s loan options, interest rates and how a home purchase can affect your financial future. Use our branch locator to find a mortgage professional near you.
About Inlanta Mortgage
Headquartered in Brookfield, Wisconsin, Inlanta Mortgage is a growing mortgage banking firm committed to quality mortgage lending, ethical operations and strong customer service.
Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is an agency approved lender for Freddie Mac and Fannie Mae, FHA/VA, FHA 203K and USDA. Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs.
Inlanta Mortgage was recently named a Top Workplace for a third time in 2015. Inlanta has also received the Platinum Million Dollar USDA Lender Award and has been recognized as a Top Mortgage Employer by National Mortgage Professional and a Top 100 Mortgage Banking Company and 100 Best Mortgage Companies to Work For by Mortgage Executive Magazine.
Inlanta Mortgage, Inc. NMLS #1016