With every rent check you write, you're helping
to build equity in your landlord's property. That money could
be going toward building equity in a San Diego home of your
own. Today's rates are low enough that your house payment could
be lower than your rent payment!
There are many advantages to owning a home, including:
Security - A feeling of security that comes from owning
a home and the knowledge that your home is a safeguard against
inflation.
Investment - Payments on your mortgage loan mean you
are acquiring a major possession; instead of rent, you own more
and more. The garden you plant, the permanent improvements you
make - all enhance your way of living as well as the value of
your home.
Tax Advantage - Your real estate taxes and the interest
on your mortgage are deductible from your income tax.
Financial Independence - Most people start on the road
to financial independence through home ownership. Your principal
and interest payments remain the same for the full term of your
mortgage while your rent usually goes up as the cost of living
increases.
Environment - Your children grow up in the neighborhood
of your choice.
Cash Equity - Better than a savings account, your home
can appreciate to keep pace with inflation.
Satisfaction - Home ownership offers special advantages
that make life more enjoyable - backyard barbecues, large family
gatherings during holidays, a home workshop, a chance to enjoy
your family's companionship in the privacy of your own home.
How much home can you afford? When buying a San Diego home,
we recommend you get pre-qualified or
pre-approved.
