Introduction:
Property is an investment, and if purchased in a planned way is beneficial otherwise it may be dangerous if a high amount is borrowed. Most of the financial authorities prefer the first time buyer and offers various incentives. You should contact to an estate agent and discuss about your financial health, repayment options, and selection of mortgage and redemption options. On the basis of your financial repayment capabilities, you should select a most beneficial option.
Benefits of home over rented house:
The rent you pay is not admissible to give you benefits under state or federal law. The mortgage loan interest is deductible from income tax. This saves a lot of amount.
The property tax paid is also accounted for tax deduction purposes.
The value of own house will rise over a period of time and it will be an additional benefit.
General Mortgages:
(a) Fixed rate Mortgage and Adjustable rate Mortgage:
Whether you are eligible for a particular mortgage or not, it is better you know about all types of mortgages. The common types of mortgages include fixed rate mortgage and adjustable rate mortgage.
In...
To view and download this full PLR article, you must be logged in. Registration is completely free. Once you create your account, you will be able to browse, search & downlod from our PLR articles database of over "1,57,897+" on 1,000's of niches and 200+ categories without paying a penny. Click here to signup...
