Whether you are a first-time home buyer, or already own a home and are looking to purchase a new home, vacation home, or investment property,
we will educate you on the different mortgage options available to you and ensure that you get the right mortgage that fits your
individual financial situation and meets your desired financial goals.
Take the opportunity to view the various benefits of homeownership below and start the pre-approval process today!
FIRST-TIME HOME BUYER
Congratulations on your decision to buy your first home! Buying your first home is a very exciting and rewarding experience and also offers you many benefits.
Benefits:Pride of Ownership – This is one of the top reasons why people choose to own a home. Owning a home gives you the freedom to decorate your home and add amenities according to your tastes, making a home “your home.” It provides you with a sense of pride and accomplishment.
Tax Benefits – Owning a home offers you big tax breaks. Your mortgage interest and real estate taxes are usually tax deductible, which can save you a significant amount of money. (Please consult your tax advisor regarding deductions.)
Appreciation – The value of your property increases over time. Even though home values are in constant fluctuation, real estate property has consistently appreciated throughout history. Many homeowners view their home as a safe investment to help protect them from inflation. Appreciation also helps build home equity.
Home Equity – The principal portion of every mortgage payment you make increases your equity in your home. You can potentially borrow against your home’s equity when needed for various reasons such as home improvement, debt consolidation, or anything else that you might need to finance.
MOVING & BUYING YOUR NEXT HOME
Have you decided that it’s time to move-up and buy a bigger home? Or maybe it’s time to downsize and live in a smaller home. Whatever your reason may be, buying that next home can be more practical and offer you various personal benefits.
Benefits:Expanding Your Living Area – When your life grows, so should your home. Buy that bigger home to cater to your family, hobbies, and social life.
Practical Downsizing – Maybe you reached that point in your life where a big home is too much to manage. If you want to simplify your life, you may want to consider buying a smaller home.
Upgraded Luxuries and Amenities – An increase in household income may allow you to purchase a home with additional luxuries and amenities.
Quicker Commute to a New Job – A career change may make it necessary to move to a new area and find a new home.
BUYING A VACATION HOME
Imagine a seasonal getaway for you and your family. Whether it be from the beach or at the mountains, a vacation home can offer a tranquil getaway and create timeless memories for you and your loved ones. It can also offer you great financial benefits as well.
Benefits:Community and Traditions – Make lifelong friendships with your neighbors and create new and lasting family traditions.
Potential Rental Income – If you own a home located in a popular vacation area, you can rent it when not using it to earn additional income. Renting the property is also a great way to supplement the expense of owning a second home
.Potential Tax Benefits – Mortgage interest and real estate taxes may offer the opportunity for tax advantages. (Please consult your tax advisor regarding deductions.)
Appreciating Asset – A vacation home may be a good long-term asset to have, as homes show a consistent trend of increasing value over time.
BUYING AN INVESTMENT PROPERTY
With today’s low housing prices and interest rates, now is the perfect time to consider purchasing an investment property. The benefits can be quite rewarding.
Benefits:Rental Income – Purchasing an investment property in a popular and appealing area can attract good tenants and provide you with consistent rental income.
Increased Cash Flow – Your investment property can provide ongoing income to offset your housing expenses and also act as a good source of supplemental income.
Tax Benefits – There are numerous rental property tax deductions you can take advantage of as an investor. Aside from mortgage interest and real estate taxes, you can also get tax breaks from depreciation, homeowners insurance, and maintenance costs, to name a few. (Please consult your tax advisor regarding deductions.)
Diversify Your Portfolio – Owning an investment property is a great way to diversify your investment portfolio. Not only does it provide you with a hedge against inflation, but it also has a low correlation to stocks – it may rise when stocks fall. Over time, you could see a very high return on investment.