Home Ownership Matters!

Home Ownership Matters
Why does home ownership matter? Here are a few reasons to consider taking the leap from renting to home ownership:

JOBS &  ECONOMY

  • For every two homes sold one job is created in the United States.
  • According to the National Association of Realtors, home sales in this country generate more than 2.5 million private section jobs in an average year.
  • According to the National Association of Realtors – housing accounts for 15% of GDP, making it a key driver in our national economy
  • Every home purchase pumps up to $60,000 into the economy over time for home improvements, furniture, etc.

TAX INCENTIVE

  • Your mortgage interest is currently tax deductible
  • In many cases, interest accrued on home equity lines of credit is also deductible

OTHER BENEFITS – According to HouseLogic and the National Association of Realtors, home ownership tends to provide these additional benefits:

  • Higher academic achievement
  • More cohesive communities
  • Better connected families
  • Improved health and safety

Click here for a more comprehensive list of Social Benefits of Home Ownership and Stable Housing.

To get pre-approved for your mortgage and experience the dream of home-ownership, please contact an Inlanta Mortgage Loan Consultant near you!

Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is fully delegated HUD-FHA including FHA 203K, VA, and USDA approved. Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs here.

Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin. NMLS# 1016.

This article provides general information about tax decutions, but shouldn’t be relied upon as tax or legal advice applicable to particular transactions or circumstances. Consult a tax professional for such advice; tax laws may vary by jurisdiction.