The 3S Approach

-The Setup

-The Selection

-The Sale

1. Bigger Paycheck- Interest on your mortgage is tax deductible, therefore you may adjust your withholding allowances in anticipation of the tax break. This translates into a larger "take-home-pay" weekly.


2. Credit- Buying a home is a significant step in solidifying a good credit report. Buying a home shows the willingness to pay bills (mortgage), and stability over a term. Both of these things turn into positive points on your credit report.


3. Independence- Owning a home offers far more privacy than renting and it allows you to change your environment as you see fit. You can paint walls any color, have pets, plant flowers, or anything else you desire.


4. Investment - You are investing in a durable good. As you make your payments, you are investing in a "personal savings account". Should you decide to move, your savings account pays you back with interest per inflation.


5. Satisfaction- Owning a home can provide it's owner with a great sense of pride and enjoyment. A home illustrates it's owners values, thoughts, and lifestyle through freedom in architecture, landscaping, décor and more.


6. Stability- Mortgage Payments even on adjustable rate mortgages are far more predictable than rent rates. They also allow you to live in one location without annual negotiation.


7. Tax Advantages- There are a myriad of unique tax advantages that accompany home ownership. Not only is interest on your mortgage tax deductible, but closing costs, and property taxes are as well.