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Why Buy?
Fixed Payment
With a fixed rate, your monthly principal and interest payments remain the same month after month and do not go up as with rent increases year after year.
Asset
Your home is an investment. If you need to get money for a major purchase, school, or to payoff debts, you can use the equity in your home and usually borrow at a much lower rate. Pay yourself!
Mortgage interest is deductible, as is interest on home equity loans, property taxes and some closing costs when buying the home.
Tax Incentives
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