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BUYING YOUR FIRST HOME

Today, there are a number of obstacles for homebuyers, including credit score and down payment requirements, among other things. Consumers should have a thorough understanding of the mortgage market when seeking home financing.

Greenway Mortgage has created an outline to help first time home buyers prepare for one of the most significant financial transactions they will enter into. We will outline the steps involved in a series of weekly blogs, provide guidance on finding the right professionals to work with, and choosing the right mortgage product. We will also touch on making sure the home you buy is within your means.

Stay tuned weekly for new blogs! This week, we talk about the benefits of homeownership.

Be sure to download our FREE First-Time Home Buyer Guide, too! Click here to download your copy today.


What are the Benefits of Homeownership?

We talk a lot about the benefits of homeownership because it is the American dream for many. Homeownership brings a lot of added responsibilities. It may also bring a lot of advantages for you, from financial gain to a secure place to raise your family. For example:

  • Your home may appreciate in value
  • You can build equity to use for home improvement loans, education and other expenses
  • Your home is your own – you can do what you like with it to reflect your lifestyle
  • Home ownership can give your children roots in a community
  • You may save money at tax time by deducting mortgage interest and property taxes (Consult a tax advisor regarding the deductibility of interest)

A home offers stability, especially as your children grow up. It’s a place where you can live the life you want, and where you can create the memories of a lifetime.