Turn Your Dead Real Estate
Leads Into Hard Cash!

We Buy Your Dead Leads!

Real Estate Contracts and Forms
We Are Seeking Private Lenders
Total Real Estate Solutions is seeking one or more private lending resources for a unique project. If you, or someone you know, is interested in learning more about this interesting, lucrative and well-secured opportunity, please click here and share a bit of info with us and we'll be happy to discuss the opportunity with you.
 Welcome Home
Home Page
Site Map
Reading Room
Real Estate Books
Real Estate News
Tools & Resources
Free Newsletters
Panel of Experts
Contact Us
Website Services
Real Estate Websites
Website FAQ
Showcase of Examples
FREE TRIAL WEBSITE!
Custom Template Design
Buying a Home?
Tips for Buyers
Featured Listings
Search Property Listings
Foreclosure Listings
Financial Calculators
Selling a Home?
Tips for Sellers
List Your Property
Listing Manager
Real Estate Pros
Foreclosure Listings
Affiliate Partners
Real Estate Talk
FREE Real Estate Forms
Contracts and Forms
Marketing Ideas
FREE Website Content
Resources and Links
Glossary of Terms
Top 100 Best
Real Estate Directory
Add Your Listing
Link To Us
 
 
Visit Our Sister Sites
Refrigerator Art Mktg
Network4Women
Top 100 Best Websites
Free Real Estate Sites
Real Estate Directory
FSBO Directory
Lender Directory
Home Builder Central
 

Real Estate Reading Room [General Real Estate]
Articles and Advice about General Real Estate from Real Estate Reading Room

Top 7 Benefits of Home Ownership, Part 2
by Tim Lockhart

The last few years have been really difficult for the real estate market, and many people are wondering if now is really a good time to buy a home or not. Many other people want to buy a home, but are stuck in the rent trap because the banks continue to tighten their lending standards and shut people out who would have qualified only a few short years ago. This article will discuss the Top 7 benefits of owning a home versus renting. In Part 1, we saw that homeowners enjoy steady payments helping them fight against inflation and the wonderful tax savings we can have by being able to deduct the mortgage interest from our regular income. Now, we’re going to look at the benefits of building equity. We’re now ready for benefit #3.
3. Build Equity through paying down mortgage. Not only can you put more money in your pocket this year by deducting your interest payment from your current income, the principal portion of your payment each month pays down your mortgage balance building equity. Equity in your home is very simply the difference between what your house is worth and what you owe to the bank. Each month, a portion of your payment goes towards paying down the amount that you owe, so it is kind of like a little savings account. When you rent, you are stil