For nearly everyone in the world, a home is an investment. When you rent, you write your monthly check and that money is gone forever. But when you own your home, you can deduct the cost of your mortgage loan interest from your federal income taxes, and usually from your state taxes. This will save you a lot each year because the interest you pay will make up most of your monthly payment for most of the years of your mortgage. You can also deduct the property taxes you pay as a homeowner. In addition, the value of your home may go up over the years. Finally, you’ll enjoy having something that’s all yours – a home where your own personal style will tell the world who you are.
There are a variety of programs available to assist those seeking out first time home buyer programs, as well as for those who have been out of the home market for a few years. After all, making the decision to purchase a home is the closest most of us will ever get to high finance.
Who is Eligible for a First Time Home Buyer Program?
Believe it or not, you may be eligible for a first time home buyer program even if you have purchased a home before. The definition of “first time buyer” generally means a borrower who has not purchased a residential home within the last three years. I can help you find out if you will be eligible for one of these loans. Don’t let past purchases dissuade you from trying to purchase your dream home. You may also be eligible for an FHA or USDA loan in a situation where you have made recent home purchases. First time home buyers are not the only ones who can benefit from one of the available home finance programs.
Contact David Jacobson for Your Home Loan
I can help you choose the best mortgage for you, especially by considering your personal numbers for the following aspects of a home loan:
- Fixed rates
- Adjustable rates
- Home equities
- New purchases
- Refinance loans
In addition, I can aid with locking in rates for 30, 60, or 90 days, which is certainly a unique benefit when searching for the perfect home. If you are a potential first time home buyer, I can get the loan for you. I have over 25 years of experience residential market in the Springfield, MO area. You are welcome to contact me by phone or in person with inquiries; there’s no obligation and I can help get you pre-qualified in no time at all!