1. You’ll Build Equity With renting, building equity is not possible. With buying, however, each payment you make towards your loan increases the equity you have in your home. You can use that equity to put towards your next home, or save it for big life events like travel or retirement. 2. Tax Benefits There […]
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What is the assessed value of the property? Note that assessed value is generally less than market value. Ask to see a recent copy of the seller’s tax bill to help you determine this information. How often are properties reassessed, and when was the last reassessment done? […]
How to Prepare to Buy a Home Talk to mortgage brokers. Many first-time home buyers don’t take the time to get prequalified. They also often don’t take the time to shop around to find the best mortgage for their particular situation. It’s important to ask plenty of questions and make sure you understand the home […]