Entering the housing market for the first time as a buyer can be a detailed and thorough process, but it can also be one with numerous personal benefits. The first of these, of course, is the ability to move you and your family into a wonderful new home and get out of the rental cycle to a place where you’re paying toward your own home investment, but there are many others also.
At Altius Mortgage and our partners at Mortgage Ogden, we have several great programs available for first-time homebuyers. We’re also happy to explain the numerous benefits of homeownership to you – did you realize that even apart from saving you money over a rental situation, being a first-time buyer has several distinct financial perks? A few of the big ones are tax-related, but there are also some others. Let’s look at both sets.
There are several different tax deductions often available to buyers:
There are also a couple big financial areas where being a first-time homebuyer can be helpful:
For more on the financial perks that come with being a first-time buyer, or to learn about any of our mortgage loan solutions, speak to the pros at Altius Mortgage today.