The Advantages of Home Ownership
- Tax Savings
You can deduct the mortgage interest and property taxes frm the federal income tax if you itemize your deductions.
- Stable Monthly Housing Expense
The monthly housing loan or mortgage can remain the same over the life of the mortgage, depending on which mortgage you choose.
- Equity
Over the life of the mortgage, you build equity that you may take out to pay for a new car, a trip, or your child's education.
Last Updated: April 9, 2007 All information copyright madison-real-estate.net 2005, Webmaster
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