June is homeownership month and there are so many reasons to consider becoming a homeowner.
Owning your own home can be a great way to create equity for the future and provide stability and security for you and your family.
With fixed–rate mortgages, your monthly principal and interest payments will stay the same for the entire period of the loan. This makes it easier to plan and budget.
3. Tax benefits
You may be able to deduct the interest on your mortgage and property taxes. These tax savings may offset a portion of the cost of owning your home.
One of the best things about owning your own home is that you'll have a place that is uniquely "yours" that you can customize — from paint colors to remodeling projects.
Homeowners are more likely to support local businesses, thereby improving the local economy — and communities with high homeownership rates naturally attract more homeowners.
Buying a home is one of the biggest decisions you will make in your lifetime, so it’s important to set yourself up for success. Talk with a Starion mortgage banker to determine what you can afford and what type of mortgage best fits your needs.
You can also apply online today to get the process started!