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First-Time Home Buyer Why should I buy, instead of rent? - Answer: A home is an investment. When you rent, you write your monthly check and that money is gone forever. But when you own your home, you can deduct the cost of your mortgage loan interest from your federal income taxes, and usually from your state taxes. This will save you a lot each year, because the interest you pay will make up most of your monthly payment for most of the years of your mortgage. You can also deduct the property taxes you pay as a homeowner. In addition, the value of your home may go up over the years. Finally, you'll enjoy having something that's all yours - a home where your own personal style will tell the world who you are.
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Contact a First-Time Home Specialist for help with purchasing your first home. Call (703)380-0017 or fill out the form below. We are here to GUIDE you in making the right choices with "Professional Guidance from Contract to Closing"! Questions? |
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