Lodi / Stockton CA Homes For Sale & Real Estate Information » Mortgage loan http://randyelliotthomes.com Your Home for Local and National Real Estate Info Wed, 01 Sep 2010 12:26:27 +0000 http://wordpress.org/?v=2.9.1 en hourly 1 What Are the Advantages of Owning a Home? http://randyelliotthomes.com/2009/12/21/what-are-the-advantages-of-owning-a-home/ http://randyelliotthomes.com/2009/12/21/what-are-the-advantages-of-owning-a-home/#comments Mon, 21 Dec 2009 19:30:22 +0000 Randy Elliott /?p=250 There are many. Among the most appealing: you own it, which gives you, instead of a landlord, control of your living space, and the ability to do what you want with it.  Other benefits include potential tax savings and the build up of equity as your property likely appreciates in price over time once again.  Equity can be used to help put children through college, purchase a second home, or make home improvements.

The mortgage interest paid on a home loan is tax deductible, as is the local property tax. If you get a fixed-rate home mortgage loan, you also can invest more wisely knowing your monthly mortgage payment, unlike rent, will not change substantially.

With mortgage loan interest rates as low as they are now, and expected to go higher in 2010, it might be a better idea to invest in Lodi real estate and Stockton real estate now more than ever.  Having a low interest assumable mortgage loan may become very attractive in the future.

Make it a great day!

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