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Why Should I Buy A Home Instead Of Rent One?

Why Should I Buy A Home Instead Of Rent One?

Aside from being able to say that you're a homeowner, there are other financial benefits to buying instead of renting. For starters, when you purchase property, you're making an investment that will most likely increase in value over the years. Also, you can deduct your mortgage loan interest costs from your federal income taxes and frequently from your state taxes. As a renter, you cannot deduct renting costs and you never own the residence you reside in.

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