With every rent check you write, you are helping to build equity in your landlord’s property. That money could be going toward building equity in a home of your own. Today’s rates are low enough that your house payment could be lower than your rent payment!

There are many advantages to owning a home, including:

Security

A feeling of security that comes from owning a home and the knowledge that your home is a safeguard against inflation.

Investment

Payments on your mortgage loan mean you are acquiring a major possession; instead of rent, you own more and more. The garden you plant, the permanent improvements you make – all enhance your way of living as well as the value of your home.

Tax Advantage

Your real estate taxes and the interest on your mortgage are deductible from your income tax.

Financial Independence

Most people start on the road to financial independence through home ownership. Your principal and interest payments remain the same for the full term of your mortgage while your rent usually goes up as the cost of living increases.

Environment

Your children grow up in the neighborhood of your choice.

Cash Equity

Better than a savings account, your home can appreciate to keep pace with inflation.

Satisfaction

Home ownership offers special advantages that make life more enjoyable – backyard barbecues, large family gatherings during holidays, a home workshop, a chance to enjoy your family’s companionship in the privacy of your own home.

How much home can you afford?

Our handy financial tools can offer you valuable assistance in determining how much home you can afford and how much you can borrow.

First Time Home Buyer? Go to Dawson Ford Garbee’s 8 Easy Steps to Buying a Home.

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