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Saturday, April 10, 2010

With a decrease in home prices it makes more sense to own than rent!

The all time American Dream is having a house that you can call it your own. This is a form of reward that is truly deserved with all the hard work that you have done to date. Just think, no more landlords, pets are allowed, and you now have ultimate privacy. While some may argue that renting has less responsibility, there are many benefits that you will lose when compared to owning. For example, when you rent for 30 years, what have you accomplished at the end of that term? NOTHING!! When you own a home that has a mortgage payment in place of rent, you have a tangible benefit of a property that has a considerable amount of value at the end of the mortgage term. Also renting has no tax benefits, where as paying a mortgage has huge yearly tax benefits which equate to funds back in your pocket instead of the landlord.....

Click here to read the full article.

Thorsten Bernacki
Envoy Mortgage

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