Benefits of owning your own home are many.
It is an investment in your future
and provides stability
History has shown that over time real estate is an investment that appreciates in value.
ownership is a tax shelter. Mortgage interest and property real estate taxes are fully deductible, which can
lower your federal tax
Equity builds over time as the value of your property rises and the principal balance of you mortgage obligation is reduced
as you pay down your mortgage with each monthly payment. The difference between the value of your home and the balance of your mortgage
is the equity you have in your home. This equity is an asset which you can borrow against in the future if you so desire. It
is an excellent resource for home improvements, education and retirement.