Buy My Own Place.com

- a place of your own

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Yes, YOU can own your own home & we'll show you how!

No more giving your money to your landlord, start putting that money towards your OWN HOME. Build equity for your future instead. This site is made just for the first time homebuyer. Everything from beginning to end is explained here. Bookmark this site for future reference.

Do you feel like you are simply throwing money away each & every month on RENT? Why make your landlord rich when you can own your own home and build your OWN equity?

7 Reasons to Own Your Own Home

1. Tax breaks. The U.S. Tax Code lets you deduct the interest you pay on your mortgage, property taxes you pay, as well as some of the costs involved in buying your home.

2. Gains. Over last five years (1998-2002) national home prices have increased at an average of 5.4 percent annually. And while there’s no guarantee of appreciation, a 2001 study by the National Association of REALTORS® found that the typical homeowner has approximately $50,000 of unrealized gain in a home.

3. Equity. Money paid for rent is money that you’ll never see again, but mortgage payments let you build equity ownership interest in your home.

4. Savings. Building equity in your home is a ready-made savings plan. And when you sell, you can generally take up to $250,000 ($500,000 for a married couple) as gain without owing any federal income tax.

5. Predictability. Unlike rent, your mortgage payments don’t go up over the years so your housing costs may actually decline as you own the home longer. However, keep in mind that property taxes and insurance costs will rise.

6. Freedom. The home is yours. You can decorate any way you want and be able to benefit from your investment for as long as you own the home.

7. Stability. Remaining in one neighborhood for several years gives you a chance to participate in community activities, lets you and your family establish lasting friendships, and offers your children the benefit of educational continuity.

To calculate whether renting or buying is the best financial option for you, use this online calculator courtesy of Ginnie Mae.

Now that you have the basics of WHY down, enter our site for access to hundreds of articles, calculators, contacts for real estate advisors, REALTORS, mortgage brokers, title professionals & so much more.

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