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  1. A Personalized Approach
  2. Credit Confusion
  3. Building Your Dream Home
  4. Tax Time in Wisconsin
  5. Don’t Let Intimidation Get in the Way of Home Ownership
  6. Setting Financial Goals for the New Year
  7. Buying a home after bankruptcy

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Building Your Net Worth with Home Ownership

May 03, 2016

When you are considering purchasing a house, it may be time you should consider it as part of your financial future, not just way to keep a roof over your head.

 

Paying on a home can build equity. The more you pay down your mortgage, the more equity you can build. This allows you to have your home's equity available as collateral to invest, or to make home improvements. If you choose to make home improvements this can help increase your home's value, building additional equity.

 

Home ownership also provides annual tax write-offs. You are often able to deduct interest and property taxes. This could result in higher tax returns, allowing you to build your savings. The more tax write-offs you have, the more you are able to save for yourself!

 

Let's not forget home values can increase over time. While there is no guarantee, it is more than likely that your well-maintained property will increase in value, adding even more equity to your home!

 

When you buy a home, you can achieve a higher net worth than if you were renting. Here at GSF Mortgage, we specialize in helping you achieve your goals of owning a home. We service the Greater Green Bay, Fox Valley, and Fond du Lac areas, as well as all of Wisconsin. Contact us today!

 

 

Ron Meyer
GSF Mortgage Corporation
300 Patriot Dr.
Little Chute, WI 54140
(920) 788-9608
rmeyer@gogsf.com
NMLS #222688 & 1018