Homeownership comes with major financial rewards. Factor in these 5 financial reasons for taking the leap into homeownership:
1.Increased Net Worth - Homeowners are worth 30x’s more than renters.
2.Investment Benefits - You are paying for housing whether you buy or rent. Invest your rupees in something you own rather than paying a landlord.
3.Home Equity - Equity in your home can help pay for college, retirement, and major life events.
4.Tax Benefits - Homeowners can deduct mortgage interest and property taxes from their income.
5.Savvy Financial Habits - Owning a home means more financial responsibility and encourages better saving and spending habits.
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