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LegalLife Multistate Guide and Handbook for Selling or Buying Real Estate Iowa Form

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LegalLife Multistate Guide and Handbook for Selling or Buying Real Estate Iowa Form

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through reasons you may want to buy a home versus renting in 2023 number one you are in control of your monthly payment owning a home you have a fixed monthly payment and some of that payment goes to pay down the principal some of it goes to pay the interest on the loan taxes and insurance now ready to home you have no control over your monthly payment the landlord can increase your rates whenever they wish fact is in 2022 rental rates increased by 17 percent number two you are investing in yourself and Building Wealth owning a home is force saving in the fact that every month you pay your mortgage you're reducing the amount you owe and increasing your Equity so you are paying yourself and not that landlord and you have an asset that is gaining in value and number three you may have tax deductions on owning a home so the mortgage interest the property taxes as well as a home equity loan are all deductible but consult your tax professional for details

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