The American dream of homeownership can become a reality for you.  You need realistic goals, sound mortgage and real estate advice, and a clear understanding of the costs involved in purchasing, maintaining, and owning of a home.

As a home is likely the largest single purchase you will make, and a mortgage the most money you will ever borrow, dependable advice is vital in educating you about homeownership and your financing options.

Our Loan Officers are highly trained to explain the home buying process, mortgage options available for your situation, and the costs involved, to help you reach your homeownership goal. 

          The Advantages of Homeownership

                    Your Castle – A home of your own is the greatest advantage.  There is nothing like the feeling of coming home to your own home.  A home that you can adapt to your tastes, raise a family and entertain guests.  A home gives you a feeling of permanence and community.

                    Savings -  The principle portion of your monthly mortgage payments act as a monthly savings plan by building the equity in your home as you pay down the mortgage.  Renters paying rent never build any equity.  As you equity grows, you can cash-out without selling your home by borrowing against it with a cash-out refinance, getting a second mortgage, or equity line.  You equity is as good as money in the bank.

                    Stable Housing Costs -  A renter has little to no control over their monthly rental payment from year to year.  By owning your own home you have control over your mortgage payment.  A 30 year fixed mortgage has the same monthly mortgage payment for 30 years.  In fact, unlike rent which generally increases from year to year, mortgage payments become cheaper due to inflation, which decreases the value of the dollars with which you pay your mortgage. 

                    Increased Value -  Real estate generally increases in value from year to year.  A home is an investment that you get use of as it increases in value, unlike stocks, bonds, or mutual funds. Renters never see an increase in the value of  their apartments other then increases in rental payments.

                    Tax Benefits -  The interest portion of your mortgage payment is tax deductible, as are your property taxes.  Consult your accountant on how homeownership will decrease your tax liabilities.