Five Reasons to Buy a Home Now!

1. First-time buyers: (defined as anyone who hasn’t owned a home in the last three years) are entitled to a maximum $8,000 tax credit; interest rates are at record lows; and the Federal Reserve is doing its best to make mortgage loans available.

2. Leveraging your investment: If you put $10,000 into the stock market and it earns 5 percent, you’ve earned $500. If you put $10,000 down on a home and its values increases 5 percent, you’ve made $5,000.

3. More Savings: You are able to itemize on your taxes and deduct your interest and property taxes.  That means more of your earnings stay in your pocket.

4. Fixed Rate Mortgages: If you get a fixed-rate mortgage, the monthly payment stays the same – while everything else, including rent, goes upward.

5. It’s yours: There is something comforting in the notion that your home is your own, it part of the American Dream. You can paint it any color you want, let the dog run in the back yard and hang a swing for the kids in the front.