5 Financial Reasons to Buy a Home in Raleigh in 2018 or any city in North Carolina for that matter by Kevin Martini, a trusted Raleigh mortgage lender with the Martini Mortgage Group at Benchmark Mortgage.
Everyone says: ‘buy now’ but why? First, buying a home is NOT right for everyone…one should never buy because of pressure from anyone. Friends and family mean well however only you know if it is right for you to buy. If it is right for you it is critical that you have trusted advice from a mortgage lender and that is why in episode 6 of the Martini Mortgage Podcast, mortgage strategist Kevin Martini share the just 5 financial reasons to buy a home in 2018.
MartiniFactor Number 1 of 5 Financial Reason to buy a home in 2018: Housing is one of the only leveraged investments still available. Homeownership allows a household to increase any appreciation on their home by a leveraged factor.
MartiniFactor Number 2 of 5 Financial Reason to buy a home in 2018: This one is simple…you are paying for housing whether you own or rent. Here is a fact, when you rent you are paying for a mortgage, you are just paying your landlord’s mortgage for them.
MartiniFactor Number 3 of 5 Financial Reason to buy a home in 2018: Owning a home is usually a form of ‘forced savings. Every month when you write the check for your mortgage you are not only paying interest, you are also paying principal. When you pay principal you are reducing the amount you owe.
MartiniFactor Number 4 of 5 Financial Reason to buy a home in 2018: There may be substantial tax benefits to owning a home and having a mortgage. A unique financial reason to buying a home is if you itemize your taxes you may be able to deduct the mortgage interest you pay and State and Local Taxes (SALT) too.
MartiniFactor Number 5 of 5 Financial Reason to buy a home in 2018: Owning a home is typically a hedge against inflation. Let me define inflation…inflation is a general increase in prices and a fall in purchasing value of money.
Housing costs and rents have tended over most periods of time to go up higher than the rate of inflation and for this reason owning a home is an attractive proposition because it provides a hedge against inflation.
We must note that homeownership makes sense financially and also has social and family benefits too.
If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings. Call the Martini Mortgage Group at Benchmark Mortgage so we can get together to evaluate your opportunities.
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Kevin Martini | NMLS ID 143962 | Branch Manager | Martini Mortgage Group at Benchmark Mortgage | Ark-La-Tex Financial Services, LLC NMLS ID 2143 | 5650 Six Forks Road, Suite 101 Raleigh, NC 27609 | (919) 238-4934 | www.KevinMartini.com | kevin.Martini@Benchmark.us | Equal Housing Opportunity