Still on the fence about becoming a homeowner? While owning a home comes with many responsibilities, its financial and personal benefits can prove it to be one of the best investments you’ll ever make.
One of the greatest perks of becoming a home owner is being able to save a little bit on taxes. In the U.S. most homeowners are allowed to deduct money off the interest they pay on their mortgage every month. Not only is your home interest partially deductible, you can oftentimes get money back on extra cash you’ve spent on refinancing, a home equity loan or line of credit. Each homeowner’s financial situation is different, but be sure to inquire about the great financial perks available to you when you invest in a home.