Home Ownership Matters

• Home owners are happier and healthier and enjoy a greater feeling of control over their lives.
• Owning a home is one of the best ways to build long-term wealth. Historically, a homeowner’s net worth has ranged from 31 to 46 times that of a renter.
• Home owners are free to redecorate, renovate, and modify their homes as they wish.
•  Most home owners enjoy stable housing costs—a fixed-rate mortgage payment might not change for 15 to 30 years while rent typically increases 3% a year.
• Home owners can typically deduct mortgage interest and property taxes on their federal individual income tax return.

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