- 2018 Posts

  1. FHFA Conforming Loan Limits 2019
  2. How 2018 Market Trends Will Affect Wisconsin Buyers
  3. No Money Down Home Loans Appleton Oshkosh Green Bay Wisconsin
  4. Benefits of using FHA for your home loan
  5. Benefits of being a homeowner
  6. Wisconsin local lender vs online lender
  7. Home Loan Pre-Approval
  8. No Money Down Home Loan
  9. Serve and Support Loans
  10. Debt Consolidation and Cash Out

+ 2017 Posts

+ 2016 Posts

+ 2015 Posts

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