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First time
Homebuyer

Becoming a first-time homeowner offer numerous benefits.

1

Building Equity

Unlike renting, mortgage payments contribute to ownership, allowing you to build equity over time.

2

Stability

Homeownership provides a stable living situation, reducing the uncertainty associated with lease agreements and rental increases.

3

Tax Benefits

​​Homeowners may qualify for tax deductions on mortgage interest and property taxes, potentially lowering their overall tax burden.

4

Personalization

​Owning a home allows for customization and renovations to suit your tastes and needs, creating a space that truly feels like yours.

5

Community Investment

​Homeownership often fosters a sense of community and belonging, as you invest in your neighborhood and establish long-term roots.

6

Potential Appreciation

​Real estate can appreciate over time, providing the opportunity for profit if you choose to sell in the future.

7

Control Over Housing Costs

​Fixed-rate mortgages allow homeowners to lock in monthly payments, protecting against rising rental costs.

8

Sense of Accomplishment

​Owning a home is a significant milestone that can enhance personal pride and achievement.

Overall, being a first-time homeowner can provide financial, emotional, and social benefits that contribute to a rewarding and fulfilling lifestyle. First time homeowners typically are able to make a less downpayment. 

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DISCLAIMER: Prices and guidelines are subject to change without notice. Some products may not be available in all states. Subject to review of credit and/or collateral use. Not all applicants will qualify for financing. (It is important to make an informed decision when selecting and using a loan product. Make sure to compare loan types when making any financing decision). RJ Financial Solutions, LLC dba Peak Wholesale Mortgage. NMLS #2602850

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