Freshen Up On The 7 Financial Benefits of Home Ownership This Tax Season

The financial benefits of homeownership are evident year round, but particularly around tax time – they seem to jump off the page. Let’s examine how homeownership makes “cents” – from the tax benefits, to good old fashioned financial stability.

1. Homeownership builds wealth over time.

2. You build equity every month

3. You reap mortgage tax deductions benefits

- mortgage deductions

-some closing cost deductions

-property tax deductions

4. Tax deductions on Home Equity loans

5. You get a captial gain exclusion

6. A mortgage is like a forced savings plan

7. Long term buying is cheaper than renting