It’s Not Just the Key to Homeownership — It’s the Key to Your Future

Along with buying a car, investing, and saving for retirement, the most important financial decisions you'll make is when you buy a home. Homeownership can provide many great benefits.

• Appreciation. A home is a long-term investment. Many homes increase in value as the debt attached to them decreases, and many types of improvements may add to the total value.
• Ownership. When you buy a home, you’re investing in an asset over time — an asset you have a stake in. When your loan is paid off, you’ll own your home and will have built equity in it.
• Home Equity. When you build home equity, you’ll also have an option to borrow against it to gain access to funds through refinancing or a home equity line of credit. This may give you added flexibility if you’re looking to consolidate debt, make home improvements, pay for college tuition, or supplement your retirement income.
• Stability. Rent costs can change dramatically, but with a fixed rate mortgage, you’ll know what your payments will be throughout the life of the loan. This keeps payments consistent and stable.
• Deductions. Mortgage interest and property taxes are usually tax deductible. Other aspects like points and application and appraisal fees may also be deductible. Consult a tax advisor for further information.