These are 10 simple reasons to buy a home. They are 10 informed reasons to buy a home. They are 10 logical reasons to buy a home. And this list is approved by a veteran loan originator who knows how to get a loan closed in this restricted environment. I have been at more than one closing that Addie Drolette has patiently and competently helped occur.
It Builds Equity - Home ownership builds equity for future uses such as college expenses, home-additions, retirement, etc.
Available Financial Assistance - There are many programs that help a buyer not only with the financing but also with the down-payment. Sovereign Bank has access to many of these programs.
It's a Buyer's Market - Today we are in a buyer's market with plenty of homes to choose from. No need for a buyer to settle for anything less than the house of their dreams.
Deduct Property Taxes - Real estate property taxes paid by the buyer may be tax deductible.*
Mortgage Interest Deduction - Mortgage interest paid may also be tax deductible.*
Appreciation - Real estate values move in cycles, sometimes up, sometimes down, but over the years real estate has consistently appreciated in value. This can lead to a re-sale price higher than what a homeowner originally paid.
Equity Loans - A homeowner can get an equity loan that usually has a low interest rate and the interest paid on the home equity loan may also be tax deductible.*
Freedom - Homeowners are free to choose paint colors and landscaping that reflect their personal style. They can even adopt a pet without getting a landlord's approval.
Interest Rates - Today's rates are among the lowest they have ever been. Sovereign Bank has fixed rate mortgages with flexible repayment options, as well as ARMs to fit any need.
Pride of Ownership - Home ownership gives a person and their family a sense of stability and security.
Now is the time. There are good buys at every price point! I have closed transactions from $300K to $2.7 mil in the last 6 weeks. A good loan originator is a key to a smooth closing on Cape Cod.