Reasons You Should Buy a Home
The idea of purchasing your first home can be a daunting prospect to many buyers. It means you'll have to take out a loan for at least a hundred thousand dollars - which also means that, thanks to interest, you will have spent far more than that by the time you're done paying off your loan. Why do it, then? Why sign up for such a massive financial commitment? We do it because the rewards of homeownership greatly outweigh any potential cons. Your real estate team at Devine & Associates is here to help you understand why buying a home in Mid-Missouri might just be one of the decisions you ever make. Build Equity When you write a check for rent, you send that money off to your landlord fully aware that you will never get a penny of it back. However, when you write a check for your mortgage, a portion of that check goes towards paying off the principal amount of the home loan. The longer you have your home, the more principle you will pay ba...