Top Benefits of Owning

1.Tax deductions: Mortgage interest and property tax obligations are a homeowner's best friend when tax time comes. For both federal and state income taxes, these expenses are usually fully deductible. Talk to a tax advisor about your deductions.

2.Appreciation: Homes are considered in many cases a safe, steady investment, with values that rise while debt decreases.

3.Equity: You can’t build up equity renting.

4.Borrowing power: For owners who choose to stay put, equity still comes in handy. It can be used to secure a loan or obtain a line of credit.

5.Stability: Renters generally have no idea what they'll be paying a few years down the line. Home owners with fixed-rate mortgages, however, essentially have the same payment for up to 30 years.

6.Freedom: Speaking up within your home is also much easier when you own it.