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There are several mistakes some home-buyers make, and some of them are huge!
MISTAKE #2: THINKING, "I CAN'T AFFORD A HOME"
Many people feel that they cannot afford a home, but affording a home has never been easier! Mortgage rates are more flexible today than ever, and the tax laws favor homeownership like no other tax shelter.
Homeownership is a durable (real) investment. Although no one can say if a specific home will appreciate in value, generally speaking the odds favor the homeowner.
Numerous unique tax advantages are available to homeowners. The thousands of dollars you pay in mortgage interest are deductible. This tax deduction alone can sometimes make owning your own home cheaper than renting with after tax take home dollars. Check with your accountant.
See the dramatic difference that homeownership will make.
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