Tuesday, December 9, 2014

How Renters Lose Thousands In Interest and Taxes Every Year!

Are you wasting thousands of dollars on rent and dreaming of becoming a homeowner?

You can already make a monthly house payment (you're paying rent), but did you know that you are losing money because you cant take advantage of the tax benefits of owning?

Let me explain...

Below is a case study that will show you exactly how you can take advantage of becoming a homeowner, and how much extra money a home can put in your pocket.

TAX SAVINGS INFORMATION

How do we save taxes when buying a home?  Our government wants us to own homes and encourages us to do so through tax incentives.  They allow home mortgage interest and property tax deductions on your income tax each year.  With a 30 year loan, most of your payment is applied toward interest in the early years, so in effect, most people get “back” from the government roughly 1/3 of their payment and property taxes if they are in the 28% tax bracket.

 Let’s compare Renting vs. Owning


If you are not sure about buying a home and are scared of losing money or getting caught in a bad deal, empower yourself with information!

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