Buying a Home in 2011 is a Good Idea
Minneapolis, MN: As we enter the traditional spring home buying market, many people are trying to decide if owning a home is better than renting. Renting may be preferable for some folks... but there's a reason 68% of Americans choose homeownership over rent.
Here are several very good reasons to own:
- Mortgage interest and property tax deductions
- Appreciation
- Amazingly low mortgage interest rates
- Home Affordability is at an all time high.
- Ability to decorate, remodel, modify or enlarge the structure
- Build up of equity and ability to borrow against that equity
- Capital gains exclusions (up to $500K for a married couple)
Use this online "Rent vs Buy" calculator - it's Free!
-----------------------------
(C) 2011 - Joe Metzler - Mortgages Unlimited, St Paul, MN #274132. Re-blog but do not steal!
We lend in MN and WI ONLY. Searching rates on home loans, rates for refinancing your mortgage in MN or WI. We have some of the best rates on home loans!
Comments(1)