mortgages caryHave you filled out your taxes yet?  Are you getting a refund?  NO?!?!  You might need to buy a house!

Many times we talk to homebuyers (especially first time homebuyers) who tell us that they "want to keep their payments around where they are now."  Meaning that if they are paying $1200 a month in rent - they feel confident that they can afford a house payment of $1200... And that's very logical - except - they're comparing Apples to Oranges.

When you buy a house - it helps the economy - and UNCLE SAM gives you a TAX Advantage - which equals to a RAISE!

So, the good news is - if you're in a 30% tax bracket - you can probably "keep your payments around where they are now" with a new house payment of $1450!

For educated information visit:  Mortgage Loans in Raleigh

or call Steve and Eleanor Thorne at 919-649-5058

 

3 Comments on Buy a House - Get a Raise!

Great point, Eleanor. Thanks again for the instruction yesterday - good info. I did have a followup
question...if that's okay...yahoo blog roll widget (I did a search for this and could not find it). Propabably spelled it wrong?

03/07/2008 04:44 PM by Melissa Moore - Homes for Sale in Morrisville NC (Exit Select Realty of Cary NC)


Eleanor,

Love the photo!  Thanks so very much for sending me the FHA info; I'm educating myself, and I appreciate my teacher.

Mike in Tucson

03/09/2008 07:15 AM by Mike Jones (Tucson Mortgage Company, LLC)


This is such basic info for us, I think we forget that all buyers don't know this. Buying a house helps lower your taxes...yeah!!!

03/17/2008 07:39 AM by Bonnie Westbrook Grand Rapids MI Real Estate Marketing (Five Star Real Estate Ada MI)


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Loan Officer: Eleanor Thorne, Cary Mortgage Loans (Meridian Residential)
Eleanor Thorne, Cary Mortgage Loans
Cary, NC
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Meridian Residential

Office Phone: (919) 459-1313
Cell Phone: (919) 649-5057
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