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The 4 Greatest Benefits to Owning a Home

Still renting? Here are 4 benefits to owning your own home.

  1. Build equity – Owning a home is like having a long-term savings account, whereas renting is just throwing away money into someone else’s bank account.
  2. Stable monthly payments – When you purchase a home and lock into a 15 or 30-year fixed rate mortgage, your monthly payment will remain the same rather than increasing every time your lease is up for renewal.
  3. You can take pride in ownership – When you purchase a home, you have the freedom to make changes as you please. From paint to flooring to landscaping, you don’t need a landlord’s permission to make changes.
  4. Improve your community – Owning a home (and being surrounded by other homeowners) means you each have a vested interest in improving and maintaining your community because your home value is directly tied to the neighborhood value.

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