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| Homeownership remains one of the
highest goals for many people because of its many benefits. Along with
owning your own home comes a sense of security and belonging that
cannot be found elsewhere. For many, homeownership represents personal and
financial success. There is much personal satisfaction in living in a home
that you own. A home is still a valued investment which can have
many financial advantages and tax benefits. The amount of interest
you pay on a home loan and the real estate taxes you pay on your home are
among the few major federal tax deductions. Owning a home is the primary
way most people build wealth.
Homeownership is also good for our communities, because families who own their homes are more involved in their local communities and participate in local events. The rewards of homeownership:
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