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Reasons to Buy a Home

REASONS TO BUY A HOME PRIDE OF OW NERSHIP It is the number one reason why people yearn to own their home. Home ownership gives you and your family a sense of stability and security. It's making an investment in your future. OFFERS SONNE INFLATION PROTECTION House Price Index breaks down the changes by region and metropolitan area. Many people view their home investment as a hedge against inflation. SOLD MORTGAGES ARE CHEAP %$4 Home ownership is a superb tax shelter and our tax rates favor homeowners. As long as your mortgage balance is smaller than the price of your home, mortgage interest is fully deductible on your tax return. IT'S FORCED SAVINGS If you can rent an apartment for $2,000 month instead of buying one for $2,400 a month, renting may make sense. But will you save that $400 for your future? A lot of people won't. As a forced monthly saving, it's a good discipline. RISK CAPITAL Your home isn't the stock market and you shouldn't view it as the way to get rich. But if the economy does surprise us all and start booming, sooner or later real estate prices will head up again, too. EQUITY LOANS Equity loan interest is often much less and it is deductible. For many home owners, it makes sense to pay off this kind of debt with a home equity loan. Consumers can borrow against a home's equity for a variety of reasons such as home improvement, college, medical or starting a new business. Some state laws restrict home equity loans. ClarendonHomes Sources: /buyingahome/bb/buyhome.htm %24 %24

Reasons to Buy a Home

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Welcome to Clarendon Homes - New home builders specialising in house designs across Sydney, NSW. 30 years helping Australian families build their forever home.


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