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Benefits of Ownership
Owning a home is the American dream. It not only allows for valuable tax benefits but it also provides shelter and security to families.
Did you know:
- When you own a home you can deduct the property taxes and mortgage interest from your income taxes?
- The gains that you make on a primary residence that you've occupied for two years out of 5 can be tax free?
- Dollar for dollar, the rate of return on an individuals cash down payment on a house is substantial? And that repeat buyers are able to put 19% more down on a new home due to appreciation?