Bankruptcies usually take 10 years before expiring. No Income Verification loans require 2 years on the job, or in an industry. Although income is not verified, employment is. Home Ownership Benefits Loan decreases and equity increases as mortgage payments are made. Home values increase with inflation and population.
Income taxes decrease because property taxes and mortgage interest are tax deductible.
Ownership provides comfort, security, and piece of mind. The landlord can't increase a mortgage payment. Use as tool for consolidating higher interest rate debt, or pull cash out for other purposes. All Rights Reserved.