Do you suffer from rental exhaustion? While renting a residence has advantages, a few clear downsides lead many people to seek homeownership. The most common complaints from renters are thin walls and noisy neighbors, but financial deterrents are a factor as well. Renting from a landlord means that your monthly fees can be raised at any time. Even if your rent remains at the initial cost, your monthly monetary investment is benefiting another person’s future instead of building your own equity. Are you ready to be a homeowner? The benefits of homebuying and homeownership begin immediately.

Tax deductions are one of the great perks to homeownership. Both your property tax paid and a large sum of mortgage interest are deductible. In addition, the equity you are building in your home with the principal portion of your mortgage payment helps construct your financial integrity. It might be hard to believe, but an interest-only mortgage payment can actually be the equivalent of a rental payment. Another major benefit to homebuying is the possibility of someday completely paying off your house. Meanwhile, as home values increase throughout the United States, the appreciation of your purchase will grow.

This is a fantastic time to become a homebuyer, and there are amazing places in the area to plant roots. At Fairway Independent Mortgage Fort Lauderdale, we are happy to assist in your first-time homebuying experience. Give us a call today to get started! Our goal at Fairway is always to exceed your expectations and earn your trust.