Have you ever thought of owning a home as a form of “forced savings”? Indeed it is – by owning a home, every payment you make puts equity onto your property. With proper upkeep, your home could sell for quite a bit more than you paid for to start with.
In addition, owning your own home can come with excellent tax incentives. Homeowners can deduct mortgage interest and property taxes from income taxes – capital gains up to $250,000 for single tax filers and $500,000 for married couples if they sell their homes for gain.
If any of this sounds good to you, come talk to Debbie at Bank of England in Sevierville, TN! (865) 429-2797
ASK DEBBIE HOTLINE: 844-205-1172