Right around the end of July and beginning of August, you will receive your property tax statement in the mail. Your property tax statement will come from the county or city assessor’s.
Advantages To Buying A Home Vs Renting
Been dreaming about owning your own home? Imagining the kids and dog running around in your large, fenced back yard? Wishing you had the freedom to make changes or remodel to make your home your own?
Often times people are unaware what the advantages are between purchasing a home and renting. Often they think renting is easier or they will never be able to save a large down payment for a home. However, a Real Estate agent can help you through the process (free for buyers) and there are also programs available now that allow you to purchase a home without coming up with a down payment. Even if you need help raising your credit score, there are professionals that can guide you and give you tips at getting your score where it needs to be. Not only is home ownership easier than many people think, there are a few HUGE benefits you get when you put your money each month into your own mortgage (instead of for someone else.)
TAX SAVINGS- Mortgage loan interest is deducted from your income taxes and a portion of your property tax may also be deducted.
FIXED PAYMENT- Rent payments tend to go up regularly each year but when you have a home mortgage the payments stay the same throughout the duration of your loan (after several years that makes a huge difference in your monthly payments.)
BUILD EQUITY- Using your money each month to pay your own mortgage has huge benefits. Each year your home appreciates in value which can be a significant amount of increase over time. When you decide to sell, you will often have a large amount of money in the bank (and you sure will be glad you decided to buy.) Buying a home is a valuable investment.
PRIVACY AND CHOICES- Often times in a rental you have to worry about making noise or turning down your stereo. It is nice to have the space to live in your home and not worry about disturbing others. In addition, you can paint, make changes and do what you want to the property to make it your own!
Check out this Mortgage Calculator (below) to determine how much home you can afford. If you have any questions on no money down programs for home loans, or any other real estate questions, feel free to contact me for more details Julie (801) 230-3282