Jan 28 2010
7 Reasons To Own Your Mobile Eastern Shore Home Rather Than Rent
Many renters are finding that they get more ‘bang for their’ buck if they buy a home rather than rent one. With affordable prices, low interest rates and tax incentives, Mobile Eastern Shore home ownership makes more sense than ever.
7 Reasons to Buy Rather Than Rent Mobile Eastern Shore Home
1. Buying doesn’t always cost more.
The Associated Press reports the gap between buying and renting has decreased $550 in the last three years.
2. Affordability is at an all-time high.
Nationwide, prices have declined by nearly 20-40%.
3. Tax benefits for home ownership saves money.
The biggest tax break is the mortgage interest deduction. Most of your mortgage payment goes to interest which is tax deductible. Property taxes and mortgage insurance are also tax deductible.